A ban on foreigners buying residential property in Canada aims to make more homes available to locals facing a housing crunch.
Canadian Prime Minister Justin Trudeau proposed the ban during the 2021 election campaign.abc.net.au/news/canada-bans-foreigners-from-buying-property/101821128Canada has banned foreigners from buying residential property, in an attempt to make more homes available to locals facing a housing crunch.
"The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors," his party said at the time. Following victory, the Liberals quietly introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act.
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