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
@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)
@9FCLCSDNew Democratic2yrs2Y
only if they are preventing Canadians from buying houses
@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.
@93SCFMN3yrs3Y
No, but international retail companies or their subsidiaries should be banned from buying homes.
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.
@9327C5K3yrs3Y
No, but not till they are actually moving to Canada
@8Z3RCJSNew Democratic3yrs3Y
Only if it is NOT their primary residence, because then they obviously see it as an investment.
@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
@8VTKPJ64yrs4Y
Stipulations. Regulations.
@8VTGX3H4yrs4Y
in certain situations when being used for investments
@8VS9RGD4yrs4Y
Only Canadian citizens should be able to buy Canadian real estate
@8VRQMX94yrs4Y
Should have to live in the homes they buy a moderate percentage of the time
@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.
regulating the market to allow for both domestic and foreign buyers
@8VLLX6H4yrs4Y
Yes, and foreigners living outside of Canada should never be allowed to buy houses in Canada.
@8VL9JPT4yrs4Y
only if they are buying them to rent and turn a profit, if it is just to live here then that is excellent.
@8VL5FXH4yrs4Y
Only if the foreigner is purchasing the home for resale or rental and not to live in
@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.
@8VKMVYG4yrs4Y
Only if they plan on living there
@8VSDWHLNew Democratic4yrs4Y
No, if they are purchasing to live in the home
@8VQTHP44yrs4Y
I feel there should be enough housing to have Canadians and foreigners have a chance.
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