Canada places two-year ban on home purchases by foreigners | TheCable

  • 📰 thecableng
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

A new Canadian law passed on January 1 has banned foreigners from buying homes in the country for two years.

new Canadian lawThe law, which took effect on January 1, was passed because of a spike in home prices in Canada since the start of the COVID pandemic.

The ban prohibits non-Canadian citizens or temporary residents from buying residential properties, and imposes a C$10,000 fine on offenders.International students who have been in the country for at least five years, refugee claimants, and people with temporary work permits are excluded.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Including Nigerians

African leaders and their collaborators are stealing their people blind and investing the money in properties abroad.

When Dem don carry their dirty ways reach their,shylock landlords.

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:

 /  🏆 2. in PROPERTY

Property Property Latest News, Property Property Headlines