11/06/2026
🇨🇦🏡 CANADA’S FOREIGN BUYER BAN EXTENDED UNTIL 2029!
But there’s a BIG change for new construction homes! 🚨
Canada’s 2026 Federal Budget has announced an important housing policy update that could impact homebuyers, investors, and the real estate market.
🔑 WHAT DOES THIS MEAN FOR YOU?
🏠 1. Buying a Resale Home?
The foreign buyer ban on existing residential properties will continue until January 1, 2029. This keeps restrictions in place for most non-Canadian buyers, subject to existing exemptions.
🏗️ 2. Interested in Pre-Construction?
Here’s the big news! The government plans to exempt new construction properties from the federal foreign buyer ban, potentially opening more opportunities for international buyers and investors.
🇨🇦 3. Canadian Homebuyers
The resale market remains protected by the federal restrictions, while the government aims to encourage investment in new housing supply.
📈 4. What About Property Prices?
More investment could support new developments, but it doesn’t automatically mean prices will rise or fall. Location, demand, interest rates, and inventory still matter.
💰 5. More Housing Investment
The federal government is targeting 200,000 homes over the next decade through Build Canada Homes.
⚠️ IMPORTANT: These are announced federal budget measures. Implementation details, buyer eligibility, provincial taxes, and other restrictions must be verified before purchasing.
💬 Thinking of buying a home, investing, or exploring pre-construction opportunities in the GTA?
Let’s discuss how these changes could affect your next real estate decision!
BASIL JOY | REALTOR®
🔑 Turning Keys, Creating Joy
📩 DM me “HOUSING 2029” for more information.
PreConstructionHomes OntarioRealEstate BramptonRealEstate TorontoRealEstate RealEstateNews HousingMarket2026
