Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian Defense Ministry: Ukrainian drone destroyed over Russia's Bryansk region.
Nagorno-Karabakh announces cessation of existence of unrecognized republic.
Russian Defense Ministry: Air defense forces intercepted Ukrainian aircraft-type UAV over Bryansk region.
Israeli media: The announcement of the visit was met with angry reactions as some called for banning it, considering it a sign of normalization with "Israel"
Israeli media: Saudi ambassador to the Palestinian Authority cancels his visit to al-Aqsa
Burkina Faso's military government says it had foiled a coup attempt the previous day: Statement
Supreme Political Council in Sanaa announces the dismissal of the current government headed by Abdulaziz bin Habtoor and assigns it to manage regular public affairs
Ministry of Health in Gaza: Two Palestinians injured by Israeli occupation forces gunfire east of Gaza Strip
Kremlin says Canada must bring to justice or extradite Nazi SS veteran who spoke in Parliament.
Kremlin: The terrorist attack on Nord Stream was de facto somehow organized by the United States and the United Kingdom.

Foreign buyers banned from purchasing Canadian homes for 2 years

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Dec 2022 23:31
  • x

The ban aims to ameliorate challenges in housing affordability.

  • Foreign buyers banned from purchasing Canadian homes for 2 years
    Small grey brick home in a subdivision in Oshawa, Ottawa. (Unsplash)

The Canada Mortgage and Housing Corporation has announced a ban on foreign homebuyers as a new regulation, with the decision coming into effect on January 1. 

Foreign commercial enterprises and people will be prohibited from buying residential properties in Canada for a period of 2 years.

Passed by the parliament on June 23, the ban aims to ameliorate challenges in housing affordability. 

Related News

US, UK 'de facto' behind Nord Stream explosions: Kremlin

Canadian lower House Speaker resigns after hailing former Nazi soldier

However, there are some exceptions to the ban: Those with temporary work permits, refugee claimants, and international students. 

Non-Canadians breaking the regulation will be fined up to $10,000, and may be ordered to sell the estate. 

Housing Minister Ahmed Hussen said that housing shouldn't be a "commodity," and that Ottawa will ensure that Canadians will own homes. 

Read next: US housing crisis, untamed inflation could lead to recession

  • Canada

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Ukrainian soldiers ride an APC on the front line near Bakhmut, in the Donetsk region, on June 5, 2023 (AP)

US sees Ukrainian army demoralized, no chance to win: Seymour Hersh

  • Europe
  • 21 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
How Zelensky is alienating Kiev's allies
Europe

'Active animosity': How Zelensky's faux pas are alienating Kiev allies

Solomon Islands
Asia Pacific

Solomon Islands PM says he missed Biden summit to avoid 'lecture'

Sacred Ethiopian tablet looted by British troops repatriated to church
Europe

Sacred Ethiopian tablet looted by British troops repatriated to church

An undated photo of a tank with mounted howitzers (Panzerhaubitze 2000) of the German armed forces Bundeswehr
Europe

Ukraine became a testing field of weapons for arm manufacturers: WSJ

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS