CANADA’S FOREIGN BUYER BAN IS BEING EXTENDED TO 2029… but there’s a catch. 🇨🇦🏡

Описание: CANADA’S FOREIGN BUYER BAN IS BEING EXTENDED TO 2029… but there’s a catch. 🇨🇦🏡

Here’s what the federal budget is proposing:

📅 The ban would be extended two more years, to January 1, 2029
🏗️ New homes from developers would be exempt
🚫 The ban would stay on residential resale properties
💡 The idea: bring investment back into new supply, without competing for existing homes

⚠️ It’s still a proposal. The legislation is yet to come, and B.C. has its own foreign buyer tax.

👇 What do you think about this exception? Reply in the comments.

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Arpit Bajaj
Real Estate Advisor

View Fraser Valley Real Estate
7787070020
[email protected]
www.arpitbajaj.ca
Stonehaus Realty Corp.

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