Canada bans most foreigners from buying homes

  • 📰 gmanews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 68%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

A ban on foreigners buying residential property in Canada took effect on Sunday, aiming to make more homes available to locals facing a housing crunch.

Several exceptions in the act allow individuals such as refugees and permanent residents who are not citizens to buy homes.

"The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors," his Liberal Party said in its election plank at the time. Major markets such as Vancouver and Toronto have also introduced taxes on non-residents and empty homes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in PROPERTY

Property Property Latest News, Property Property Headlines