👉The Canadian government has extended the Prohibition on the Purchase of Residential Property by Non-Canadians Act until January 1st, 2027, aiming to address housing availability for Canadians. The ban encompasses residential properties within Census Metropolitan Areas and Census Agglomerations. Exceptions include instances of divorce, separation, gifts, and death, along with property development. Non-Canadians with valid work permits can now purchase mixed-use and commercial land, subject to conditions. Violations of the act may lead to criminal charges, fines up to $10,000 CAD, and potential property sale orders. This extension is part of broader efforts to enhance affordable housing, complementing initiatives like the Apartment Construction Loan Program.✅ . 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐚𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐰 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐋𝐚𝐰 𝐒𝐢𝐦𝐦𝐢 𝐂𝐡𝐚𝐜𝐤𝐨 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 𝐋𝐚𝐰𝐲𝐞𝐫, 𝐂𝐡𝐚𝐜𝐤𝐨 𝐋𝐚𝐰 📲+𝟏 𝟒𝟏𝟔-𝟓𝟎𝟗-𝟗𝟓𝟎𝟖 📧𝐬𝐢𝐦𝐦𝐢@𝐜𝐡𝐚𝐜𝐤𝐨𝐥𝐚𝐰.𝐜𝐚 @chackolaw.ca . . #CanadianHousing #ForeignBuyerBan #HousingRegulations #AffordableHousing #RealEstateCanada #HomeBuyerPolicy #HousingMarketTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews