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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Electoral District (2011):
@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.
@9F88JX42yrs2Y
Yes, only is they’re buying to rent out to other individuals
@95GXWD73yrs3Y
Yes for investment property
@939SXCG3yrs3Y
Yes, but only if it is NOT their principal residence.
@8VVRJ2N4yrs4Y
No, UNLESS they only reside in Canada and it is their primary residence
@8VV8MT44yrs4Y
Every family should be limited to owning 1 living space for the first 2 years
@8VTTYKD4yrs4Y
Only if they don't intend to live there
@8VT5H4PNew Democratic4yrs4Y
No, but not more than one house per 2 year
yes, if its for investment purposes
@8VSPHM24yrs4Y
This very much depends on the city
@8VRH8TL4yrs4Y
Yes if they will not be living in it.
@8VR2YRK4yrs4Y
They have no right till they contribute and stop bringing in 500 relatives for us to pay for
Depends on their income.
@8VQLB4R4yrs4Y
It depends on their situation.
@8VQJJSQ4yrs4Y
If foreigners buy homes to live in then I see no problem. Not in favour of ghost house living.
@8VNK2RW4yrs4Y
No but make sure a background check is done
@8VMT67T4yrs4Y
No, but they should be taxed more heavily.
@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.
@8VKQRP24yrs4Y
there should be a fee or tax so they pay more
@9C4HZ4Y2yrs2Y
@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.
@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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