Prime Minister Justin Trudeau has vowed to place a two-year ban on foreign homebuyers if re-elected, in a bid to address housing affordability in Canada. The nation's housing market has soared during the coronavirus pandemic, up 16 percent year-over-year, according to the Canadian Real Estate Association (CREA). The Liberal Party is one of three major parties focused on this central issue.
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@9SNLZ3S8mos8MO
If Foreigners have primary status and don’t own multiple homes for the rent economy but actually live in their communities then they should be allowed to buy a home as any Canadian citizen can.
They shouldn't be limited but there needs to be restrictions in order to prevent housing prices from skyrocketing
@9FN5KBZ2yrs2Y
Foreigners who plan to move into the country should not be banned, rather, foreigners who are using the Real Estate market with the goal of making a profit should not be allowed to purchase homes. (Ideally we would stop land ownership as a whole)
@95GXWD73yrs3Y
Yes for investment property
@93LRN3M3yrs3Y
No but they should be limited to 1 house for their family and 1 house for a rental property if they choose.
@92CG7HS3yrs3Y
They should be allowed to purchase homes if there are paying taxes to the federal government
@8Z3DJKY3yrs3Y
Yes, but only for more than one property.
@8Y8MGXR3yrs3Y
Yes, unless they intend on permanently living here.
@8VV8MT44yrs4Y
Every family should be limited to owning 1 living space for the first 2 years
@8VQLB4R4yrs4Y
It depends on their situation.
@8VMKVXQ4yrs4Y
Depends if they’re making money and how much
@8VMKSK2New Democratic4yrs4Y
Depends on the purpose of purchasing
No, as long as they have intent to move into the house, if not then out of market buyers should be banned from purchasing and holding houses.
@8VLN48C4yrs4Y
regulate how many homes people are buying
regulating the market to allow for both domestic and foreign buyers
@8VL9JPT4yrs4Y
only if they are buying them to rent and turn a profit, if it is just to live here then that is excellent.
@8VL7RTL4yrs4Y
Corporate foreign property buyers should be limited or taxed higher.
@8VL3N5H4yrs4Y
Foreigners purchasing homes in Canada is only a small portion of the issue. All houses that are being purchased for investment purposes rather than to live in should be limited not just foreign buyers.
@8VKDRW54yrs4Y
As long as this is their only place of residence, no
@8VJDFFV4yrs4Y
If they live here in the house no. But if they are buying the house to shelter their money and don’t live in it then yes.
@8VHLN7D4yrs4Y
There should be limitations on foreign buyers, not outright ban.
@998QZKS2yrs2Y
they should be screened for why they are purchasing
@98WXKGQ2yrs2Y
Unless they plan to live in the home, foreign buyers should be disincentivized from buying real estate in Canada through buyer and vacancy taxes.
@97L3QX62yrs2Y
Only if it isn’t their residence
@8ZJNVP53yrs3Y
they can buy a house if they intend to live there
@8VQTHP44yrs4Y
I feel there should be enough housing to have Canadians and foreigners have a chance.
@8VNQR4J4yrs4Y
No but the cost/tax for owning a home in Canada and not living in it and letting it sit empty should be raised for the wealthy
@Gryffindor49053yrs3Y
Yes, unless they're full Canadian citizens
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