πDeputy Prime Minister and Finance Minister Chrystia Freeland announced a two-year extension to the ban on foreign ownership of Canadian housing. With concerns over foreign money driving up real estate prices and impacting housing affordability, the ban, initially set to expire on January 1, 2025, will now remain in effect until January 1, 2027. This move aims to address worries about Canadians being priced out of housing markets in various cities. The government emphasizes its commitment to utilizing all available tools to enhance housing affordability, part of a broader economic plan that includes collaborative efforts with different levels of government to accelerate home construction.β . πππ¬π ππ§ππ’π-πππ§πππ ππ₯π’π π‘π ππππ₯π¬ ππ°ππ’π! πππ‘π¦ππ§ ππ«ππ―ππ₯ πππ«π―π’πππ¬ (πππ) πππ-ππππ, πππ-πππ-ππππ π¬ππ₯ππ¬@π«ππ‘π¦ππ§ππ«ππ―ππ₯π¬ππ«π―π’πππ¬.ππ¨π¦ @rahmantravelservices . . #ForeignOwnershipBan #CanadianHousing #HousingAffordability #RealEstatePolicy #CanadianEconomicPlan #Homeownership #GovernmentInitiative #mnm #malayalisnearmeapp #canadaupdate #canadanews
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