Canada has one weird trick to help with housing affordability—sell the new homes you can’t afford to foreign buyers. That’s not a mistake; it’s the pitch in Canada’s Budget 2026, which will extend the foreign buyer ban until 2029. However, this time they plan to exempt foreign buyers to clear the stagnating inventory. Ottawa frames this as a win for affordability despite all evidence suggesting otherwise.
Carney’s developer pals are loving this I bet.
