The federal government has proposed extending Canada's foreign buyer ban for another two years, while introducing a significant change that would allow non-Canadians to purchase newly constructed residential properties.
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PRACTICE ADVICE Nov. 09, 2026 Federal budget proposes extending foreign buyer ban to 2029, with exemption for new homes
The Prohibition on the Purchase of Residential Property by Non-Canadians Act, effective since Jan. 1, 2023, was extended until the start of 2027 on Feb. 4, 2024. This legislation restricts foreign corporations and non-Canadian citizens from buying residential property in Canada.




