Canada Extends Ban on Foreign Ownership of Housing

The government of Canada has announced that its ban on foreign ownership of Canadian housing is to be extended for an additional two years.

The ban, originally introduced on January 1, 2023, was originally set to expire on January 1, 2025, but will now be extended until January 1, 2027. Foreign commercial enterprises and people who are not Canadian citizens or permanent residents will continue to be prohibited from purchasing residential property in Canada.

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