Diana Mok

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A new act in Canada bans non-citizens, non-permanent residents and foreign commercial enterprises from buying Canadian residential properties. (Shutterstock)

Canada’s ban on foreign homebuyers is unlikely to affect housing affordability

Diana Mok, University of Guelph

Since foreign owners only represent a tiny segment of the housing market, it’s unlikely that Canada’s new ban on foreign homebuyers will make homes more affordable for Canadians.

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