11/06/2026
🇨🇦 CANADA’S FOREIGN BUYER BAN – IMPORTANT UPDATE!
Canada’s Federal Budget 2026 has proposed extending the foreign buyer restrictions until January 1, 2029, with an important change for newly built homes.
🏡 What does this mean?
1️⃣ Existing / Resale Homes
The proposed restriction would continue until January 1, 2029.
2️⃣ New Residential Properties
The government proposes exempting new residential properties from the federal ban.
3️⃣ Important Clarification
This is a budget proposal, NOT yet an implemented law. Final legislation and eligibility details are still required.
💡 Why should buyers pay attention?
This could have implications for Canada’s resale and pre-construction housing markets, developers and eligible international buyers.
📩 Have questions about buying resale or pre-construction in Ontario? Let’s talk!
Realtor JD Patel
📞 647-406-7275
🏢 Century 21 People’s Choice Realty Inc.
Your satisfaction is my priority!
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