Canada Shouldn’t Weaken the Foreign Buyer Ban

Loosening the foreign buyer ban and ushering foreign capital back into the Canadian housing market would be a major step backwards.

Real estate signage outside a home in Oakville, Ont., on May 11, 2024. The Canadian Press/Richard Buchan

Commentary

In late December, Canada’s Housing Minister Gregor Robertson said in an interview that the federal government will keep the ban on non-Canadians buying houses for 2026—but may loosen the rules after that.