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Canada bans foreign home buyers

bhardu

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Mar 15, 2018
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steaky

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Only a small percentage of Canadian real estate are own by foreign owners.
 

figaro2

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Jan 12, 2016
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Only a small percentage of Canadian real estate are own by foreign owners.
not really true
many investors hide behind shallow companies and flip houses (as for residency)
 

canuck78

VIP Member
Jun 18, 2017
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Hi there,
found this on my Reddit suggestions today "https://economictimes.indiatimes.com/nri/invest/canada-bans-foreign-home-buyers-for-two-years-to-cool-market/articleshow/90717595.cms"
As a perspective PR planning to relocate in later half of this year, I found this as an interesting development looking at the exorbitant home prices post covid.
Do you think this will help cool down the real estate market prices?
The ban is really for optics and will have minimal impact.