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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@965GMBK3yrs3Y
No, only if they're living in it though
@95K5YQG3yrs3Y
No, this is not well-thought out, and could only increase the rising cost of affordability for housing in Canada. Many immigrants/foreigners (non-permanent residents, diplomats, students, etc.) are all important to help fill labour shortages in areas that we need them most, but also can help be trained in schooling/volunteer through international humanitarian work, if we ban foreigners from buying homes, we are actively preventing our economy from getting access to potential residents and people who want to immigrate here.
@94C42JL3yrs3Y
This could go very wrong if done the wrong way. There are many people, who are not citizens, who contribute an immense amount of good to this country. Diplomats, ambassadors of foreign nations, non-permanent residents, NGOs, exchange students for both high-school and university, and many others. If we ban housing to them, we are making it harder for people to come here and experience the benefits of this nation, which can do wonders in making people appreciate all that Canada has to offer. I understand that this is about affordable housing, and making it more affordable for everyone, but if we make it so that people can't come here and be able to live here/become a potential citizen in the future, are we doing a disservice to people of this country? Possibly.
@945C4M23yrs3Y
Yes, but there has to be requirements. Are they wanting to gain citizenship? Are they a foreign exchange student studying with a visa? A non-permanent resident? Diplomat? If they meet one of these, they shouldn't be taxed because they're actually living here.
@8VPXPGTNew Democratic4yrs4Y
Yes, only if they are leaving the house vacant or not residing in Canada.
@8VLG64N4yrs4Y
Yes, and they should be banned permanently
@8VJYR484yrs4Y
Yes, unless they are planning on residing in that home.
@8VJY5VN4yrs4Y
Yes, unless they are legitimately immigrating to Canada and are going to be living in the purchased homes.
@9C5MVXFConservative2yrs2Y
No if they live in the house they can buy the house8
@9BK2RQ62yrs2Y
Depends on different circumstances. For vacation homes in municipalities/as well as speculators who never move here? Maybe. For diplomats, international students, refugees, NGOs, ambassadors and so forth? No.
@99B6GV42yrs2Y
No, unless they provide proof of living for more than 2/3 of the year
@97MBGTF2yrs2Y
Yes, but for a shorter time, a couple months or so.
Depends on what a "foreigner" is classified as. We can't ban house ownership to refugees, permanent residents, immigrants who are waiting for citizenship, ambassadors, consulates and such, because that would have catastrophic consequences for the country, as well as international relations with other countries. If you mean people who speculate, and don't actually live here, but sit on a property just because it's valuable, then yes, because nobody's living in those houses anyway.
However, there should be consultation with places that have a large amount of vacation homes, nd rely on that for tax money, because they need it for their municipal budgets and it could harm their ability to invest in their community very much.
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