Real estate price, and policy in Canada

Abstract

Canada is a country with many immigrants, its advantages attract many immigrants. Immigration brings a lot of benefits but also has some impact on local residents. Let's say the house price. The increase in immigration is one of the possible factor to cause the rise in house prices. Some provincial governments in Canada have made policies to restrain rise in housing prices. For example policies carried out on Budget 2016 and Budget 2018 by Government of British Columbia. In this paper, I look at why these policies are made and whether are they really effective.