Canada is exempting newly constructed properties from the foreign buyers ban. This change aims to support the housing market while maintaining restrictions on existing properties to address affordability concerns. The exemption applies to new buildings to help stabilize the market and make housing more accessible. The government hopes this measure will encourage investment in new developments while keeping existing homes affordable for Canadian residents.
“The government hopes this measure will encourage investment in new developments while keeping existing homes affordable for Canadian residents,” — Nadia Ashcombe, senior market analyst at Greyley Ton Advisory, told our newsroom.
Timeline
Nov 4 — Canada is exempting newly constructed properties from the foreign buyers ban....
Nov 5 — The government hopes this measure will encourage investment in new developments while keeping existing homes a...
This story has been closely followed by our readers since Nov 4. The Greyley Ton Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Greyley Ton Advisory desk and last updated 12:28 UTC.
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