As 2023 dawned, so too, did the new partial ban on foreign buyers purchasing property in Canada. The ban is intended to last for two years. It is aimed at preventing foreign investors from driving up property prices in the country.
What has nearly two years of isolation done for Canada’s property market? City folk have been snapping up recreational homes, while builders have eyed up opportunities in smaller, friendly cities.
Canada is slowly emerging from lockdown, as shops and restaurants reopen their doors. The property market is also restarting and, while travel is still restricted, the country is planning ahead and continuing to issue thousands of invitations for immigration applications.
