The Aporia
Boutilier, A. (2026, October 7). Ottawa considering ‘options’ as foreign home buyer ban nears end: minister. Global News. https://globalnews.ca/news/12091696/canada-foreign-home-buyer-ban-expiry/
Boutilier, Alex. “Ottawa considering ‘options’ as foreign home buyer ban nears end: minister.” Global News, 7 Oct. 2026, https://globalnews.ca/news/12091696/canada-foreign-home-buyer-ban-expiry/.
Boutilier, Alex. “Ottawa considering ‘options’ as foreign home buyer ban nears end: minister.” Global News, October 7, 2026. https://globalnews.ca/news/12091696/canada-foreign-home-buyer-ban-expiry/.
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Finance Minister François-Philippe Champagne is considering whether to extend Canada’s foreign homebuyers ban, which will expire in January 2027. The original ban, enacted in 2023, restricted foreign investors from purchasing residential property in Canada but allowed exceptions for vacant land intended for development and larger multi-unit buildings. Despite the ban's intention to increase housing affordability concerns, data shows that foreigners owned no more than 5% of properties in any major Canadian market by 2020. Developers argue the ban limits capital needed to fund new construction projects. Champagne remains non-committal about extending the ban, emphasizing a need to assess current real estate trends and ensure adequate housing opportunities for Canadians as the next budget approaches.