Federal budget extends foreign buyer ban on existing residential properties until 2029 - National Post
Copy URL Facebook Linked In X (Twitter) Loading account options Sign In Manage Account Close account menu Manage Account Sign Out Loading subscription options Subscribefor $0.50/week By Jordan Gowling November 5, 2026 at 4:14 p.m. Last Updated: November 5, 2026 at 4:34 p.m. OTTAWA β The federal budget announced the extension of the foreign buyer ban on existing residential properties until Jan. 1, 2029, but will now exempt new construction properties.
The foreign buyer ban first enacted on Jan. 1, 2023, by former finance minister Chrystia Freeland, prohibits non-Canadians from purchasing residential properties such as houses or condos with three or fewer units.
It was extended in 2024 and was on track to expire in January of next year. Originally, the ban was put in place to tackle the run-up in housing prices in 2022.
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