Prime Minister Justin Trudeau promised to introduce a two-year ban on foreign homebuyers to tackle housing affordability in Canada if he’s re-elected.The proposed restriction is an attempt to cool a housing market that has soared during the Covid-19 pandemic. Surging prices have become a central issue in the campaign for the September 20 vote, in which Trudeau hopes to regain a majority in parliament, with all three major parties promising crackdowns.“You shouldn’t lose a bidding war on your…
Source : South China Morning Post
Read more…Canadian homes may be off-limits to foreign buyers for two years, Trudeau says in re-election pledge to rein in runaway prices
