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submitted 7 months ago by MicroWave@lemmy.world to c/world@lemmy.world

(Reuters) - Canada on Sunday announced a two-year extension to a ban on foreign ownership of Canadian housing, saying the step was aimed at addressing worries about Canadians being priced out of housing markets in cities and towns across the country.

Canada is facing a housing affordability crisis, which has been blamed on an increase in migrants and international students, fueling demand for homes just as rising costs have slowed construction.

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[-] will_a113@lemmy.ml 3 points 7 months ago

Yep I’m sure that was the theory. Was just curious if anyone had been checking on how it’s going in practice.

this post was submitted on 04 Feb 2024
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