New Zealand government has imposed a ban on non-resident buyers for resale homes – but will it help curb runaway prices?
UBC Sauder School of Business professor Tom Davidoff…… saying that he doubts the ban will be effective. “I tend to believe restrictions [and] bans are hard to enforce at times. We had it here in British Columbia even with the foreign buyer tax.” And in January this year, B.C. Premier John Horgan poured cold water on the idea of imposing a similar ban in B.C., instead widening and increasing the foreign buyer tax.