Foreign Buyers Tax

• Ottawa to extend foreign home buyer ban another two years

  Finance Minister Chrystia Freeland said the federal government is extending its ban on foreign homebuyers for another two years as part of efforts to ease Canada's housing crisis.

  Canada

  Feb 4
  
• As foreign homebuyer ban takes effect, experts expect little change in B.C.

  The new measure, which took effect on Jan. 1, 2023, bars most non-residents and foreign commercial enterprises from buying residential properties in Canada for the next two years.

  Economy

  Jan 2, 2023
  
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• Ontario foreign buyers tax hike won’t have much effect on already cooling market: experts

  The non-resident speculation tax has sat at 20 per cent since March, when the government hiked the rate from 15 per cent and expanded it to apply provincewide.

  Canada

  Oct 25, 2022
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• Changes to foreign buyers tax unlikely to quell Ontario market, real estate experts say

  Real estate experts say Ontario's decision to increase and expand its foreign buyers tax won't do much to cool the province's hot real estate market.

  Canada

  Mar 30, 2022
• Ontario introduces new legislation to increase housing supply in province

  Ontario’s housing minister introduced new legislation on Wednesday, aimed at increasing the supply of housing in the province.

  Canada

  Mar 30, 2022
• Kelowna, B.C. couple wins back foreign-buyers tax from Realtor, lawyer

  “The defendants also submit that the plaintiffs were contributorily negligent. Each defendant also seeks to foist fault onto the opposing defendant."

  Consumer

  Feb 11, 2022
• Federal budget delivers big promises on childcare, tamer housing measures

  The Trudeau government’s 2021 budget provides young families with a bold pledge on childcare but more timid measures to tame the housing crisis.

  Canada

  Apr 19, 2021
• Canada planning foreign buyers tax in effort to lower country’s housing prices

  Prime Minister Justin Trudeau said last year his government would introduce such a tax, praising a similar measure in British Columbia during his most recent election campaign.

  Canada

  Dec 1, 2020
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• B.C. court strikes down lawsuit that claimed foreign buyers tax is unconstitutional

  The judge disagreed with the lawsuit's claim that the foreign buyers tax disproportionately targets Asian buyers, particularly of Chinese descent.

  Oct 26, 2019
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• B.C. small business owner sues, says $269K bill for foreign buyers tax ‘unfair’

  The B.C. government is facing a legal challenge over the 20 per cent foreign home-buyers tax.

  Canada

  Sep 30, 2019