👉On Thursday, Prime Minister Justin Trudeau stated that, in an effort to cool down the country's hot housing market, the government will prohibit foreign investors from purchasing properties in Canada for two years. With numerous exemptions, including those for permanent residents and international students, the Canadian government has proposed a two-year prohibition on foreign home buying and increased taxes for individuals who sell their home within a year. The new savings account and improvements to the first-time home buyers tax credit are just two examples of the measures aimed at helping Canadians enter the market that are included in the budget's billions of dollars for new housing. After a year in which prices increased by over 20% and rental rates increased as well, the government is under pressure to temper an overheated market.✅ . . #canadarealestate #realestatecanada #housemarketcanada #buyinghomeincanada #canadianhousemarket #canadianlaw #canadarealestatenews #mnm #malayalisnearmeapp #canadaupdate #canadanews