The best journey takes you home: Trudeau vows two-year ban on foreign homebuyers if re-elected

Posted by Kait Bolongaro, bnnbloomberg.ca

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Prime Minister Justin Trudeau promised to introduce a two-year ban on foreign home buyers 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 Sept. 20 vote, in which Trudeau hopes to regain a majority in parliament, with all three major parties promising crackdowns…read more.

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