Canada bans foreign home buyers for two years to cool market
Headline from Local News 8
OTTAWA, Ontario (AP) — Prime Minister Justin Trudeau’s government is banning foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market. Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices…
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OTTAWA, Ontario (AP) — Prime Minister Justin Trudeau’s government is banning foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market. Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices…
By Ben Cousins Click here for updates on this story TORONTO (CTV Network) — As Canada announces a two-year ban on foreign homebuyers, real estate experts offered mixed reactions when discussing the impacts on the market.
The Canadian government announced a two-year ban on foreign home buying as well as higher taxes for people who sell their home within a year, though both measures include multiple exceptions.
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