Commentary
Foreign nationals are currently forbidden from buying Canadian houses, so why are they still allowed to buy up our farmland?
In January 2023, the federal government banned foreign nationals from purchasing houses in Canada for two years to ensure our domestic housing stock stays in domestic hands.
After the two years expired, the ban was extended to Jan. 1, 2027. At that point, it may well be extended again given its widespread popularity. According to a poll by Research Co., 76 percent of Canadians support blocking foreigners from buying houses in Canada.
There are some exceptions which weaken the ban. For instance, non-Canadians can still buy properties outside of census metropolitan areas, and large buildings with four or more units are not covered under the legislation….