Government extends ban on foreign buying of Canadian housing
Some foreign nationals will continue to be banned from buying Canadian housing, as the federal government extends the expiration of the program until 2027.
![Government extends ban on foreign buying of Canadian housing](https://i.cbc.ca/1.7088202.1705616065!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/p-e-i-construction.jpg)
![Prince Edward Island and Nova Scotia saw a combined 8,298 housing starts in 2023 even with hard caps on rent increases. Per capita that is 20 per cent more starts than New Brunswick. A housing construction project with workmen standing on roof.](https://i.cbc.ca/1.7088202.1705616065!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/p-e-i-construction.jpg)
Some foreign nationals will continue to be banned from buying Canadian housing, as the federal government extends the expiration of the program until 2027.