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OTTAWA, Ontario – Prime Minister Justin Trudeau’s authorities introduced Thursday it can ban overseas buyers from shopping for houses in Canada for 2 years in a bid to chill off a scorching housing market.
The federal government introduced a two-year ban on overseas house shopping for in addition to greater taxes for individuals who promote their house inside a 12 months, although each measures embrace a number of exceptions together with for everlasting residents and overseas college students.
The finances additionally contains billions for brand spanking new housing and measures to assist Canadians attempting to get into the market, together with a brand new financial savings account and modifications to the first-time house patrons tax credit score.
Prolonged Abstract | FAQ | Suggestions | Prime key phrases: house#1 12 months#2 authorities#3 introduced#4 purchase#5
