Real Estate · Canada
Budget proposes longer foreign-buyer ban with new-home exemption
Published by BriefDash · · Toronto
Budget 2026 proposes keeping federal restrictions on foreign purchases of existing homes until January 1, 2029, while exempting new residential properties. Finance Canada says the distinction aims to protect Canadians’ access to resale housing and encourage construction investment. Implementation would require the legislation and regulatory process planned in the budget.
Why it matters
The proposal would treat foreign investment in new housing differently from purchases of the existing housing stock.
Source dated November 5, 2026 · Department of Finance Canada ↗
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