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Canada PM pledges limits on foreign home buyers if needed

By Randall Palmer OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper pledged on Wednesday if reelected to limit foreign purchases of Canadian real estate if it turns out that such purchases are pricing Canadians out of the housing market. “There are real concerns that foreign, nonresident real estate speculation is the reason some Canadian families find house prices beyond their budgets,” Harper said in Vancouver, where the housing market is

Canada PM pledges limits on foreign home buyers if needed

By Randall Palmer OTTAWA (Reuters) – Canadian Prime Minister Stephen Harper pledged on Wednesday if reelected to limit foreign purchases of Canadian real estate if it turns out that such purchases are pricing Canadians out of the housing market. “There are real concerns that foreign, nonresident real estate speculation is the reason some Canadian families find house prices beyond their budgets,” Harper said in Vancouver, where the housing market is