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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

The tax mimics what some provinces, including B.C., have already implemented.

Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC.

Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More

Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing ... More

Some media outlets recently reported that interest in Canadian real estate among Chinese buyers increased 30 per cent in the first half of this year, compared to a ... More

The government has perhaps its best understanding of just how influential foreign buyers are on Canada’s hottest markets, according to one big bank.

Newly released figures show nearly five per cent of home purchases in Ontario's Greater Golden Horseshoe region were made by non-residents since the Liberal government ... More

The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate ... More

One puzzle around the run-up in Canadian home prices is the extent to which foreign money is the driver. The idea is that rich people from places like China are buying up homes ... More

Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds.

A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market. His warning ... More

The Ontario government has little choice left but to enact a 15 per cent tax on foreign home buyers, says CIBC World Markets deputy chief economist Benjamin Tal.

Last month’s imposition of the 15 per cent foreign buyers’ tax by the British Columbia government has spurred a mass exit of hopeful home owners from Vancouver to ... More

Foreign home buyers can secure mortgages with some of Canada’s biggest lenders without proof of income according to an investigation by the Globe and Mail.