Canada's Foreign Buyer Ban Extended to 2027: What You Need to Know

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.