The Canadian government has said some foreigners cannot purchase property in Canada for the next two years.
The ban’s purpose is to make homes more affordable in one of the world’s most costly cities.
This summer, the average home price in Canada was C$777,200 ($568,000; £473,700), which is more than 11 times the average household income after taxes.
Some people are opposed to the restriction because they are unsure how it would affect the Canadian real estate market…Read More
Source: California Observer
Loading comments...