Calls grow for Australia to BAN foreign investors from buying property trends now
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A controversial housing policy introduced in Canada where foreigners are banned from buying property has gained public support in Australia, but some experts believe it's a 'band aid solution' and that the government is better off building more houses instead.
Canadian Prime Minister Justin Trudeau implemented the measure on Sunday after floating the idea during last year's election campaign to ensure more homes were made available to citizens.
The bill, dubbed the Prohibition on the Purchase of Residential Property by Non-Canadians Act, seeks to quell the country's housing crisis by prohibiting all outsiders - particularly investors - from purchasing property throughout its 10 provinces.
While the policy bans foreigners from purchasing properties, it does allow refugees and permanent residents to buy houses.
Canada's move has been well received in Australia, with many calling on the government to adopt a similar policy.
A new housing policy that bans foreigners from purchasing property in Australia has gained widespread support (stock image)
The recent backing for the measure was sparked by the policy being implemented in Canada last Sunday by the country's Prime Minister Justin Trudeau (pictured) after he previously proposed banning foreigners buying property in Canada last year
'It's a big
