Can Housing Bubbles Be Stopped? Australia’s Tiny Apartments Say No

WALL STREET JOURNAL ASIA | on Mon, Apr 3, 3:30 PM

SYDNEY—From Australia to Canada, authorities are learning a hard lesson in their efforts to curb the foreign money flooding their property markets: deterrents quickly lose their punch. In recent years, regulators in several countries have raised taxes on residential real-estate purchases, required banks to demand bigger down payments and taxed...

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