Canada’s Housing Ban on Foreign Buyers: What You Need to KnowPosted by REPYYC ® on
Does the foreign buyer ban affect Calgary?
This week, the Canadian government announced a new policy to ban foreign homebuyers from buying property in Canada. The new law comes after years of speculation and debate over whether this ban was necessary or beneficial to Canadians. This ban does apply to property purchased in Calgary.
This ban took effect on January 1 of this year and will last until 2025. This policy change comes after studying how foreign buyers and investors have affected Canada's housing market. This move is meant to ensure that Canadian homebuyers have access to affordable houses by bringing down the demand for Canadian properties. This policy is a step towards protecting local homebuyers and helping stabilize the Canadian…
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