The Globe and Mail reports in its Wednesday edition that major players in British Columbia's housing industry are calling on federal and provincial governments to loosen restrictions on foreign investment in Canadian homes. The Globe's Rachelle Younglai and stringer Frances Bula write that B.C. industry players have written to Prime Minister Mark Carney and federal Housing Minister Gregor Robertson outlining their concerns. Toronto developers, whose industry is struggling with some of the same challenges, have said they support the measures being urged. The letter warns that if something does not change, housing supply -- beset by high construction costs, high land prices, municipal fees and erratic U.S. tariff policies -- will continue its already dramatic slowdown. The letter, signed by companies such as Bosa, Beedie Living, Westbank, Amacon, Cressey and Polygon, argues that having some level of foreign investment to provide the capital for the early stages of condo projects is key. Scott McLellan at Toronto developer PlazaCorp said foreign investors are "paramount to our industry." If foreign investors are economically motivated, they should be allowed to buy residential real estate in Canada, he said.