Government extends ban on foreign buying of Canadian housing

By News on the Net -- CBC News —— Bio and Archives February 5, 2024

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The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced in a release Sunday.

The rule, which was first announced in 2022, will now be extended until the beginning of 2027. It bans foreign nationals and commercial enterprises from buying residential property in Canada, with exceptions for some international students, refugee claimants and temporary workers. ---More...