Canada's ban on foreign buyers, introduced January 1, 2023, has been extended until January 1, 2027.
What It Covers
Non-Canadians cannot purchase residential properties with 3 or fewer units in urban areas.
Exemptions
Permanent residents, temporary residents (3+ years in Canada), refugees, and spouses of citizens are exempt.
Looking Ahead
The government will review the policy before 2027, studying countries like Australia.