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@ISIDEWITHQuestionsHousing IssuesStarted 4yrs agoActive 1 day ago1 here now

Should foreigners be banned from buying homes in Canada for 2 years?

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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1k Replies

 @9FN5KBZfrom British Columbia  answered…2yrs2Y

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)

 @93BPT9YPeople’sfrom Manitoba  answered…3yrs3Y

I feel like it really depends. As you don't want rich foreigners buying all the houses as a way to preserve their money and sell it later. But you don't want foreigners who are trying to move here to be homeless for two years unless this doesn't apply to apartments and such.

 @8VMKSK2New Democraticfrom Quebec  answered…4yrs4Y

Depends on the purpose of purchasing

 @8VLT5P5Communistfrom Ontario  answered…4yrs4Y

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.

 @8VLN48Cfrom Prince Edward Island  answered…4yrs4Y

regulate how many homes people are buying

 @8VLMPYXCommunistfrom British Columbia  answered…4yrs4Y

regulating the market to allow for both domestic and foreign buyers

 @8VLLX6Hfrom Quebec  answered…4yrs4Y

Yes, and foreigners living outside of Canada should never be allowed to buy houses in Canada.

 @8VL9JPTfrom Newfoundland  answered…4yrs4Y

only if they are buying them to rent and turn a profit, if it is just to live here then that is excellent.

 @8VL3N5Hfrom Manitoba  answered…4yrs4Y

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.

 @8ZJNVP5from Manitoba  answered…3yrs3Y

they can buy a house if they intend to live there

  @Gryffindor4905answered…3yrs3Y

Yes, unless they're full Canadian citizens

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