Canada bans foreign home buyers

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Canada bans foreign home buyers

OTTAWA, Ontario — Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market.

Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year. Do you think that will help cool off home prices? Will that happen in the US?

Read more here – https://nypost.com/2022/04/08/canada-bans-foreign-home-buyers-for-two-years-during-market-boom/

Read more here – https://www.npr.org/2022/04/08/1091568039/canada-bans-foreign-home-buyers

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