Inside the Industry Efforts to Amend the Foreign Buyer Ban

by | Apr 3, 2023 | Blog

When the Prohibition on the Purchase of Residential Property by Non-Canadians Act — aka the foreign buyer ban — came into effect on January 1, the real estate industry’s efforts to get it amended had already begun. Many in the industry were unhappy that the Government of Canada did not officially reveal the full extent of the regulations until December 21, 2022, the final hour before the holiday season.

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