Canada Bans Foreigners From Purchasing Most Real Estate

[Chris Martin]

The title of this post is the same wording as the title of an article from Voice of America on January 5, 2023. Apparently, the Canadians are sick of the home price increases caused by motivated buyers, mostly investors who are 'parking money' in Canadian real estate. They make, apparently, some exceptions for 'real' property buyers (residents, not investors) and property "in areas with a population of less than 10,000." The ban expires in 2 years. 

I would find it hard to imagine, but as a retaliatory measure would the US ban Canadians from buying in the US? I would think this would be a really bad idea.