Canada Reopens New-Build Market to Foreign Buyers
The Canadian government has announced that foreign buyers are once again allowed to purchase newly built homes, partially lifting the ban introduced in 2023. However, the prohibition on buying existing properties...
The Canadian government has announced that foreign buyers are once again allowed to purchase newly built homes, partially lifting the ban introduced in 2023. However, the prohibition on buying existing properties remains in place for non-residents and has now been extended until 2029. The move mirrors a strategy already seen in Australia: channelling international investment exclusively into new construction, keeping the second-hand market more accessible for local buyers. Cities such as Toronto and Vancouver have accumulated large stocks of unsold new apartments. This policy shift is worth noting for international property investors, as similar debates about the role of foreign buyers in housing markets are increasingly relevant in Spain as well.
Source: idealista/news
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Source: idealista/news