Canada will Ban Foreigners From Buying Houses
Parvasi Media Group
Canadian Government is going to ban foreigners from buying houses in Canada for two years to control the prices of unprecedently rising real-estate market as home prices in Canada have soared more than 50% over the past two years.
So, it be illegal for all foreign nationals to purchase any residential properties in Canada for the next two years, including condos, apartments and single-family homes.
In the beginning of this year, federal government had also introduced one-per-cent tax on the value of non-resident, non-Canadian owned properties considered vacant or underused.