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Federal government extends foreign buyer ban on Canadian homes to 2027

Original ban was set to finish at the end of 2024
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The Canadian government is extending the foreign buyer ban another two years to 2027. (Black Press Media file photo)

Foreign nationals and companies will be banned from buying residential properties in Canada for an additional two years, the federal finance minister said Sunday, the latest in a raft of measures aimed at addressing housing affordability concerns that have dogged the governing Liberals for months.

Chrystia Freeland announced the extension in a statement, saying Canada is extending its foreign homebuyer ban up until 2027.

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