Permanent residents and foreign students still can purchase homes in Canada

Permanent residents and foreign students still can purchase homes in Canada

Since the house prices in Canada were so high that working-class and young Canadians could not buy real estate, the Government of Canada introduced a two-year ban on home-buying by foreign nationals. However, permanent residents and international students have been exempted from this ban and will still be able to purchase houses in Canada. In the latest released budget, the Government has proposed to double the number of new houses that will be built in cooperation with the provincial and territorial governments, and municipalities.

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