Ottawa Adds Exceptions to Law That Bans Foreign Investors From Buying Canadian Homes

Ottawa Adds Exceptions to Law That Bans Foreign Investors From Buying Canadian Homes
A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Sept. 29, 2021. The Canadian Press/Evan Buhler
Isaac Teo
Updated:
0:00

The federal government has set out exceptions to legislation that will ban foreign investors from buying non-recreational residential property starting next month.

The exemptions, included in the new regulations announced by the Liberal government on Dec. 21, will be used to implement the Prohibition on the Purchase of Residential Property by Non-Canadians Act, will come into effect starting Jan. 1, 2023.