Tuesday, March 29, 2016
2016 Canadian budget tackles foreign home ownership, housing affordability
The 2016 Canadian federal budget has been unveiled, and it includes a proposal to get more information on foreign ownership in the country’s housing market to help inform future government policy.
“We know that Many Canadians, particularly British Columbians, are concerned about the effect of foreign ownership in the housing market,” said Finance Minister Bill Morneau in the House of Commons yesterday.
“Unfortunately, the problem isn’t fully understood. More information is needed. To fill this data gap, and so many others like it, we will support Statistics Canada so that it can improve our understanding of important problems and help us all make better decisions,” he continued.
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