Debate: Should Canada Ban Non-Resident Homebuyers?

Canadian home prices continue to rise, particularly in Toronto and Vancouver. How much of an impact do foreign buyers have on the astronomical prices? Long-time realtor Bob Hutchings argues they are playing a significant role in making homes unaffordable for too many young people, while Philip Cross of the Macdonald-Laurier Institute says the real culprit is a lack of supply to meet the demand of immigrants flocking to Canada’s largest cities.