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Canada to ban foreigners from buying homes as prices soar

Brian Platt and Ari Altstedter

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Ottawa | Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market.

The measures will be contained in Finance Minister Chrystia Freeland’s budget on Thursday (Friday AEST), according to a person familiar with the matter, asking not to be named because the matter is private.

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    Original URL: https://www.afr.com/world/north-america/canada-to-ban-foreigners-from-buying-homes-as-prices-soar-20220407-p5abjq