B.C. court decision clears way for federal action on foreign ownership of real estate

A B.C. Court of Appeal ruling that declares nothing is racist about taxing foreign buyers of real estate in Canada clears the way for federal politicians to propose bold policies to deal with the crisis of housing unaffordability.

With an election call in the offing, Canada’s three largest political parties can feel freer to challenge critics and make stronger promises than they already have to restrict foreign ownership. In effect, that means Canada can join most nations of the world in standing up for national sovereignty.