FOREIGN BUYERS BANNED IN CANADA FOR 2 YEARS COMMENCING THIS JANUARY!

Thursday Sep 29th, 2022

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Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing the affordability crisis facing buyers, which will come into effect at the beginning of 2023 and remain in place for two years. Samantha Gale of the Canadian Association of Private Lenders (CAPL) told Canadian Mortgage Professional that the measures, could have significant negative repercussions for lenders and borrowers alike. # SANDI HALPERN # REAL ESTATE # SOLD # LEASED # FOREIGN BUYERS