Federal Government Extends Foreign Buyer Ban on Canadian Homes to 2027

Federal Government Extends Foreign Buyer Ban on Canadian Homes to 2027
A home for sale at a reduced price in Windsor, ON in this file photo. The Canadian Press/Nathan Denette
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Foreign nationals and companies will be banned from buying residential properties in Canada for an additional two years, the federal finance minister said on Feb. 4, the latest in a raft of measures aimed at addressing housing affordability concerns that have dogged the governing Liberals for months.

Chrystia Freeland announced the extension in a statement, saying Canada is extending its foreign homebuyer ban up until 2027.