De Krupe LawNorth York, ON · December 24, 2024What is Canada’s Foreign Buyer Ban and Who Does It Affect?
Canada’s real estate market has drawn global attention, not just for its picturesque landscapes but for its skyrocketing housing prices. With affordability slipping out of reach for many residents, public discourse has increasingly turned to the role of foreign investment in driving up home costs. In response to mounting pressure, the Canadian government introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, often referred to as the…
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