Feds Adding Further Exceptions to Foreign Homebuyers Ban: Document

Feds Adding Further Exceptions to Foreign Homebuyers Ban: Document
A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Sept. 29, 2021. The Canadian Press/Evan Buhler
Peter Wilson
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Ottawa is adding further exceptions to a ban introduced earlier this year prohibiting foreign buyers from purchasing residential real estate in Canada, according to federal documents.

Housing Minister Ahmed Hussen’s department wrote in a legal notice on April 13 that regulations in the ban drafted in 2022 and introduced this past January now seem “too onerous,” “confusing,” and “overly restrictive.”