Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years as part of their federal budget.
Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.for people who sell their home within a year, though both measures include multiple exceptions including for permanent residents and foreign students.
get into the market,The government is under pressure to cool an overheated market after prices climbed by more than 20% last year, while rental rates have also been rising.military aid to UkraineEmergency workers search for bodies trapped inside an apartment bombed by Russian forces in Borodyanka, Ukraine on April 6, 2022.and others by promising more than $8 billion Canadian in new military spending over the next five years.
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