The challenge is that with completely open borders, regarding investment, wealthier people in foreign countries that don't have confidence in their ability to invest their capital in their own domestic market will seek foreign alternatives. Canada is a foreign alternative to wealthy Chinese investors who either want to invest their money or hide their money.
The challenge for us is that our relationship with the Chinese is asymetrical. While we allow foreign investment from China openly, the same cannot be said for the reverse.
Moreover, fair or not, if our domestic market is in fact more attractive than the chinese domestic market, we could and are being priced out of our own homes, given our domestic earning power.
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