OTTAWA, Aug 12 (Reuters) - Canadian Prime Minister Stephen
Harper pledged on Wednesday that if re-elected he would take
action to deal with the purchase of Canadian real estate by
foreigners if it turns out this is making homes unaffordable for
Canadians.
"If such foreign, nonresident buyers are artificially
driving up the cost of real estate and Canadian families are
shut out of the market, that is a matter we can and should do
something about," Harper said in Vancouver, where foreigners -
often from China or Hong Kong - have added heat to a hot housing
market.