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):
@95GXWD73yrs3Y
Yes for investment property
@93TH3SV3yrs3Y
Given the situation that the population of Canada and the land of Canada, I think it’s still good for people buy land. Unless it is crowded then it’s a different story.
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.
@8Z3RCJSNew Democratic3yrs3Y
Only if it is NOT their primary residence, because then they obviously see it as an investment.
@8VTKPJ64yrs4Y
Stipulations. Regulations.
@8VQLB4R4yrs4Y
It depends on their situation.
@8VNK2RW4yrs4Y
No but make sure a background check is done
@8VMKSK2New Democratic4yrs4Y
Depends on the purpose of purchasing
@8VLR2PM4yrs4Y
Owner occupied only. No investment properties
@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.
@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.
@8VKQRP24yrs4Y
there should be a fee or tax so they pay more
@8VKDRW54yrs4Y
As long as this is their only place of residence, no
@8VHLN7D4yrs4Y
There should be limitations on foreign buyers, not outright ban.
@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.
@8VQTHP44yrs4Y
I feel there should be enough housing to have Canadians and foreigners have a chance.
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