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):
@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)
@937TCZL3yrs3Y
Yes, unless Canada is their primary residence.
@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.
@8VKDRW54yrs4Y
As long as this is their only place of residence, no
@8VHP7MZNew Democratic4yrs4Y
No, unless they have a high net worth/income.
@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.
@8ZJNVP53yrs3Y
they can buy a house if they intend to live there
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