Expert Analysis

Foreign buyer ban set for extension but with new housing exemption

By Mario Pedro, Norman Kahn and Jasraj Shergill ( November 11, 2026, 1:24 PM EST) -- On Nov. 5, the federal government tabled Budget 2026: Masters of Our Destiny (Budget 2026), which includes a plan to extend the existing prohibition on non-Canadians purchasing residential property in Canada for an additional two years, to Jan. 1, 2029. The proposed extension includes a carve-out for new residential properties....