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@ISIDEWITHQuestionsHousing IssuesStarted 4yrs agoActive 3 days ago

Should foreigners be banned from buying homes in Canada for 2 years?

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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1k Replies

 @B4NX84Lfrom British Columbia  answered…3wks3W

Foreigners should be allowed to buy a home to reside in only. They should also have to become a Canadian citizen to do so. Foreign ownership is driving up housing prices, making them unaffordable for local residents.

 @B4NK5F7from British Columbia  answered…3wks3W

If they have the $ and it doesn't affect the citizens who cannot afford to buy and they only buy the home they plan to reside in. Or if they rent it out at a reasonable cost.

 @B4LP8N4from British Columbia  answered…3wks3W

Foreigners should be permanently banned from buying homes in Canada unless it's their primary residence

 @9RBNFB7from British Columbia  answered…9mos9MO

They should be allowed to buy only a primary residence and potentially land for a small businesses if they spend more than 50% of the year in Canada.

 @8VL8K3Ffrom British Columbia  answered…4yrs4Y

i don’t care

 @8VSVK3Jfrom British Columbia  answered…4yrs4Y

If your not a full time worker then yes

 @8VSRQB5from British Columbia  answered…4yrs4Y

People who aren’t canadian citizens or permanent residences should not be allowed to buy homes in canada

 @8VSJTSNfrom British Columbia  answered…4yrs4Y

No, they should pay more tax and have to live in it majority of the year

 @8VSJD3NLiberalfrom British Columbia  answered…4yrs4Y

No, but they should have to pay higher taxes and contribute more to property tax

 @8VJZSSXfrom British Columbia  answered…4yrs4Y

No, as long as it's providing housing for them or their family.

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