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Canada Extends Ban on Foreign Buyers Purchasing Residential Property for Two Years

Extension Comes as Affordability Issues Push Many Canadians Into the Rental Housing Market
The federal government in Ottawa is extending the ban on foreign buyers purchasing residential real estate. (Getty Images)
The federal government in Ottawa is extending the ban on foreign buyers purchasing residential real estate. (Getty Images)
CoStar News
February 5, 2024 | 8:39 P.M.

The federal government is extending its ban on foreign ownership of residential property for another two years as Canada wrangles with affordability issues.

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