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Jesse's avatar

The only part I don't agree with, "Barring a major asset-market crash in Emerging Markets or a policy change, foreign investors will continue to add demand to housing markets."

In fact, when there is a crash or when volatility in EM is high, there will be more demand for safe assets, to hedge against home country volatility. From the interest of Canadian homebuyers, you would want EM to be stable and boring, so that EM investors have less need to send their money to Canada, overheating the market.

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Bill's avatar

Great to see unbiased work and footnotes in an article!

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