Ban on foreign buyers of Canadian housing extended to January 1, 2027

We have updated our publications to reflect the federal government’s extension of the ban on foreign buyers of Canadian housing from January 1, 2025, to January 1, 2027. 

Our publications have also been enhanced with an extended discussion of the federal government’s deemed residential flipping rules under the provisions of the Income Tax Act 1985, addressing dispositions of property within the first year of ownership.

By Lawyers is committed to monitoring legislative and caselaw changes to ensure all publications remain at the forefront of practice.