Canada is exploring the possibility of easing restrictions on foreign purchases of residential properties starting in 2027, as part of broader efforts to increase housing supply, while maintaining the current ban through the end of 2026.
The government plans over the coming year to review international experiences, particularly the Australian model, which allows limited foreign investment in newly built, high-priced residential properties.
This move comes amid an ongoing housing crisis, as prices remain elevated despite having fallen by 18% from their peak. Authorities emphasize that resolving the issue will require doubling the pace of construction to meet rising levels of demand.
The government is currently focused on boosting housing supply, while insisting that homeownership priority remains firmly with Canadians.
