33.5 C
New York
August 9, 2022
Americas Canada news World news

Canada bans foreign homebuyers for two years in effort to cool market

Government under pressure after prices climbed by more than 20% last year, while rental rates have also been rising

Justin Trudeau’s government has announced it will ban foreign investors from buying homes in Canada for two years, in a bid to cool off a hot housing market.

The finance minister, Chrystia Freeland, took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.

Continue reading…

Related posts

Gang warfare traps thousands in Haiti slum as fuel crisis add to desperation

admin7932

World’s oldest family tree revealed in 5,700-year-old Cotswolds tomb

admin7932

Médecins Sans Frontières apologises for using images of child rape survivor

admin7932