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.
@9FJ4P26New Democratic2yrs2Y
If they have permanent residence then no
@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)
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.
@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
@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.
@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
@998QZKS2yrs2Y
they should be screened for why they are purchasing
@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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