Canada should temporarily ban foreign home buyers, rezone cities

Tuesday Dec 21st, 2021

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OTTAWA, Dec 21 (Reuters) - Municipalities should rezone broadly to allow more  density and Canada should temporarily ban foreign buyers to help alleviate the housing affordability crunch faced by residents, the country's housing minister said on Tuesday.

Ahmed Hussen told Reuters in an interview that housing should be for Canadians to live in, not passive foreign investment, and that he backs Canadian cities implementing density measures like those recently rolled out in New Zealand, which allow up to three homes to be built on most single-family lots.

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Reference: https://www.reuters.com/world/americas/canada-should-temporarily-ban-foreign-home-buyers-rezone-cities-housing-minister-2021-12-21/

 

 


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