OTTAWA — The Liberal government has yet to say whether it plans to extend Canada’s ban on foreign homebuyers, even as internal briefing notes warned time is running short to renew the policy through the existing regulatory process before the ban expires.
If the government does nothing, Canada’s ban, which first came into force in 2023, will sunset automatically on Jan. 1, 2027. The ban currently prevents anyone who is not a Canadian citizen or permanent resident from purchasing a home in any urban area in the country.
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