There is 100% some xenophobia and nimbyism at the margins and those sort of people latching on to "foreign buyers!!" fears to advance their motives, but I do think there was underlying real problems and 100% not-xenophobic, wonky economist policy people in the government were concerned about real outcomes.
With this new Fed ban I'm not so sure what the data that is driving it is, maybe it is just politics with this one, but I do feel confident that with the earlier Foreign Buyer Tax brought in in BC there was real data and troubling trends to support the notion.
With this new Fed ban I'm not so sure what the data that is driving it is, maybe it is just politics with this one, but I do feel confident that with the earlier Foreign Buyer Tax brought in in BC there was real data and troubling trends to support the notion.