Announced last week along with the 2026 Budget, the federal government proposed extending the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the foreign buyer ban) by two years, moving its expiration date from January 1, 2027, to January 1, 2029.
Last time the ban was extended (Jan 1, 2025) the extension was announced in February of 2024 so many speculated The federal...
Will Foreign Buyers Save The Developers?