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Canada is banning some foreigners from buying property after home prices surged

Name: Canada is banning some foreigners from buying property after home prices surged
Uploaded: 2023-01-02T23:15:28-08:00
Channel: NBC Palm Springs
Description: A new Canadian law took effect January 1 that essentially bans foreign buyers from buying residential properties as investments for two years. The law was passed because of a spike in Canadian home prices since the start of the pandemic — and some politicians’ beliefs that foreign buyers were responsible by snapping up supply of homes as investments.

By: Ceci Partridge

January 2, 2023

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