Ebunoluwa OlafusiThe Canadian government, on Thursday, announced it will ban foreigners from buying homes in the country for two years in a bid to address the rising cost of housing.The Canadian government also announced higher taxes for those who sell their homes within a year.During his campaign for election in 2021, Trudeau had pledged to tackle housing affordability.
The proposed ban would exempt foreign students, foreign workers or foreign citizens who are permanent residents of Canada, and those buying their primary residence. The Canadian government also proposed providing billions of dollars to spur the construction of affordable housing to cool off the rising real-estate market, including new programmes such as tax-free savings accounts for first-time buyers.The measures were contained in the country’s 2022 budget proposal tabled by Chrystia Freeland, the country’s finance minister on Thursday.
JustinTrudeau Canada Very good decision
JustinTrudeau Canada 'Bad news for thieving African politicians, especially Nigerians. Great news however for pauperized citizens of Africa, whose thieving_political class have been taking advantage of its citizens for so long. In connivance with Western banks, especially those in Swiss.'✔