New homes exempted in foreign buyer ban, extended to 2029
Posted on Nov 06, 2026 in
The federal government is proposing to extend the foreign buyer ban to January 1, 2029, but would allow an exemption for purchasing new homes.
The government says this change is intended to keep existing homes available to Canadian buyers while encouraging foreign investment in new housing construction.
While Budget 2026 outlines no specific dates, the current foreign buyer ban expires on January 1, 2027. To implement these changes, the government plans to introduce legislation and begin the regulatory process soon.