Canada’s foreign-buyer ban is set to expire January 1, 2027, and federal officials are exploring rules steering offshore money toward new construction and redevelopment.
Housing supply remains central: the housing agency says Canada must roughly double annual starts over the next decade, from ~259K now to 430K-480K.
The model under review would allow foreign purchases of new construction and vacant land, while keeping existing homes off-limits to direct capital toward supply.
Current rules already include some exemptions for vacant land, redevelopment and certain publicly traded entities in Canada, and they apply mainly across Canada’s urban markets.
Mortgage brokers, agents, lawyers and notaries have a stake in the policy shift, and current rules make protective contract provisions especially important.
As the 2027 expiry nears, policymakers are expected to sort access by property type and development intent, reopening targeted segments to foreign capital.
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Canada Eyes New Foreign Buyer Rules
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Canada’s Foreign Buyer Ban Ends in 2027
Canada’s foreign-buyer ban is set to expire January 1, 2027, and federal officials are exploring rules steering offshore money toward new construction and redevelopment.
Housing supply remains central: the housing agency says Canada must roughly double annual starts over the next decade, from ~259K now to 430K-480K.
The model under review would allow foreign purchases of new construction and vacant land, while keeping existing homes off-limits to direct capital toward supply.
Current rules already include some exemptions for vacant land, redevelopment and certain publicly traded entities in Canada, and they apply mainly across Canada’s urban markets.
Mortgage brokers, agents, lawyers and notaries have a stake in the policy shift, and current rules make protective contract provisions especially important.
As the 2027 expiry nears, policymakers are expected to sort access by property type and development intent, reopening targeted segments to foreign capital. -
Mom and Dad say the early ’80s were harder for homebuyers. They’re not completely right.
Canadian homebuyers today face greater financial challenges than those in the 1980s despite lower interest rates. In 1981, rates peaked near 22%, but homes cost three to four times household income, with smaller mortgages and shorter saving periods. Now, average home prices have risen 57% since 2015, far outpacing wage growth, with mortgage payments consuming over 50% of income nationally and over 70% in Toronto. First-time buyers are older, saving longer, and stretched by 30-year amortizations, reflecting a structural affordability crisis.
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Vancouver Homebuyers Gain More Choices as Prices Adjust
Greater Vancouver home sales rose 9.3% in June, with inventory slightly down but still near two-decade highs. The typical home price slipped 0.2% to about $1.1 million, down 6% from last year and 12.3% from the 2022 peak. Sales-to-new-listings ratio hit 40%, indicating a balanced market, but high active listings continue to exert downward pressure on prices, suggesting the market may face challenges ahead.
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Canada’s Condo Supply Crunch Ahead?
Condo presales have fallen dramatically in major cities, reducing developer confidence and making it harder to launch new housing projects.
Many builders are postponing developments because current sales volumes no longer support construction financing requirements.
Experts warn today's project cancellations could create ownership housing shortages several years from now.
Rental construction remains strong, but fewer condominium completions may limit future opportunities for first-time homebuyers. -
The buyers in the Vancouver market today are no longer the foreign buyers. It’s the affluent techies and local people that have made money and want to establish themselves here for quality of
The buyers in the Vancouver market today are no longer the foreign buyers. It's the affluent techies and local people that have made money and want to establish themselves here for quality of life. Take a look at this example that we sold for 3.m mil last month. It's in West Point Gray and the main reason for it is a huge backyard and great schools nearby.
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Happy Long Weekend!
The Civic Long Weekend is that magical time when emails mysteriously stop being urgent and everyone suddenly becomes an outdoor enthusiast with barbecue ambitions.
It’s the official season of “quick getaway” plans that somehow involve more traffic than the entire workweek combined, plus snacks bought in emergency bulk.
Parks, beaches, and backyards transform into competitive zones for grilling skills, loud laughter, and pretending Monday does not exist yet.
Happy Civic Long Weekend! May your plans be easy, your food be grilled just right, and your return to reality feel slightly less painful than expected. -
Canada Permits Forecast to Dip in June
Canada's next building permits update is expected to show a MoM ↓~2% in Late-Q2, extending the prior period's slightly smaller ↓~2% move.
That expected pullback points to slower construction activity in Canada and gives investors an early signal on housing-market momentum before the official data release.
If the decline comes in smaller than expected, it may show Canada's housing sector has held up better under pressure, supporting confidence in construction-related industries.
If the estimated ↓~2% is confirmed, investors may read it as softer confidence and a cooler housing market, with broader effects on jobs and investment.
For Canada, permit trends can shape views on Real Estate, construction, consumer spending, and how the central bank may weigh future economic forecasts.
