Canada proposes extending foreign property ban until 2029
By the AFREEQUE newsroom, based on TelQuel
The Canadian government proposes extending until 1 January 2029 the ban on foreign purchases of existing residential properties. The measure, included in the 2026 federal budget, would also create an exemption for purchases of new homes, according to the Canadian government.
The Canadian government proposes extending until 1 January 2029 the ban on foreign buyers purchasing existing residential properties, as part of the 2026 federal budget. The measure, which was due to expire on 1 January 2027, would thus be extended by two years, according to TelQuel.
The extension would, however, come with a new exemption allowing non-Canadians to acquire new homes, according to TelQuel.
