11/06/2026
Did you know?
Canada’s 2026 federal budget proposes extending the foreign buyer ban until January 1, 2029.
Here’s what you need to know:
- Existing homes:Restrictions on purchases by non-Canadians would continue.
- Newly built homes:Would be exempt from the proposed restrictions.
But does this mean more affordable homes for Canadians? Not necessarily.
Housing affordability depends on several factors, including supply, demand, household income and mortgage costs.
Understanding these changes helps put Canada’s housing market into perspective.
What do you think? Will this policy make a difference?