Trudeau's government announces he will ban foreign investors from buying homes in Canada for 2 years in bid to cool off hot housing market

[basquebromance]

A real estate crash is not going to help ordinary folks unless we ban investors from buying homes.

Wealthy investors bought up entire neighbourhoods after the 2007-08 crash. Now they're overpriced poorly-maintained rentals.

Canada bans foreign home buyers for two years to cool market

OTTAWA, Ontario (AP) — 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...

jamaica-gleaner.com

 

[Tommy Tainant]

A real estate crash is not going to help ordinary folks unless we ban investors from buying homes.

Wealthy investors bought up entire neighbourhoods after the 2007-08 crash. Now they're overpriced poorly-maintained rentals.

Canada bans foreign home buyers for two years to cool market

OTTAWA, Ontario (AP) — 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...

jamaica-gleaner.com

I wish that we could do this in Wales.

 

[Dekster]

A real estate crash is not going to help ordinary folks unless we ban investors from buying homes.

Wealthy investors bought up entire neighbourhoods after the 2007-08 crash. Now they're overpriced poorly-maintained rentals.

Canada bans foreign home buyers for two years to cool market

OTTAWA, Ontario (AP) — 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...

jamaica-gleaner.com

I should be outraged at this anti-American law....but some US states ban or greatly restrict ownership of land by non citizens, particularly agricultural lands Regulation on foreign ownership of agricultural land: A state-by-state breakdown - Investigate Midwest

 

[Michael1985]

I just hope that applies to all markets everywhere. The provincial government here had a similar law, but only applied it to certain regions, causing me to question its constitutionality.