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@ISIDEWITHQuestionsHousing IssuesStarted 4yrs agoActive 1 day ago1 here now

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

 @9386V95New Democraticfrom Ontario  answered…3yrs3Y

Yes unless it's their primary residence.

 @LeZeinLiberalfrom Ontario  answered…4yrs4Y

Buying homes in canada should be for residents and citizens of Canada. Higher taxes should be put on foreigners if they are not contributing to the Canadian economy when purchasing properties in canada.

 @B28XV9Jfrom Ontario  answered…3mos3MO

Yes, this could decrease the attraction of foreign investors possibly reducing inflation from high rent costs

 @9QPSCNLfrom Ontario  answered…10mos10MO

I believe that if they have a Canadian job they may buy there home after the first 4 months of being in the country.

 @9J2KMBTfrom Ontario  answered…1yr1Y

Any person should be allowed to buy a home as long as they have been asked standard background check questions to make sure they are suitable to buy a home.

 @95GVW92Bloc Québécoisfrom Ontario  answered…3yrs3Y

Yes, foreigners should be banned from owning Canadian housing permanently

 @94XTNTHGreenfrom Ontario  answered…3yrs3Y

No instead you should only be allowed to purchase a home if you are a citizen and plan to live there or rent it out to other citizens

 @93RV2L9from Ontario  answered…3yrs3Y

If foreigners plan to live or work and study in Canada, I think they can be allowed to buy a house

 @8VVP4VXfrom Ontario  answered…4yrs4Y

Yes only if they are not residing in Canada

 @8VV3BLTfrom Ontario  answered…4yrs4Y

If they plan to live in Canada, they should allowed. Foreign investors should pay higher taxes that can then be used to help more Canadian low income earners/first time home buyers get into the housing market.

 @8VTQXPBfrom Ontario  answered…4yrs4Y

It depends on how they treat others in the country they're moving into

 @8VLG9Z5from Ontario  answered…4yrs4Y

Yes and they should be banned indefinitely.

 @8VK27KSfrom Ontario  answered…4yrs4Y

No, but their capital gains tax should be higher than Canadians

 @8VHK9STfrom Ontario  answered…4yrs4Y

Not 2year but 8 year if not canadien or duel citizens and they have to live here for 4 or six day of week in 5 year of investment

 @99CTN9BConservativefrom Ontario  answered…2yrs2Y

I think foreigners should be able to buy houses but the government should minimize the amount of immigrants they take in

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 @ISIDEWITH submitted…6mos6MO

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 @ISIDEWITH submitted…6mos6MO

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