Rethinking the Foreign Homebuyer Ban: CMHC Explores Alternatives for Housing Affordability and Welcoming Newcomers

 

The Canada Mortgage and Housing Corporation (CMHC) has announced changes to its foreign homebuyer ban!  The policy initially intended to cool down the housing market is now being reviewed due to unintended consequences. 

Critics argue that the ban impacted immigrants and skilled workers who contribute to our economy, while housing affordability remains a challenge. The CMHC is now exploring alternatives to strike a balance between affordability and welcoming newcomers! 

What are your thoughts on this? Let's discuss in the comments! 

Original article: https://vancouversun.com/real-estate/cmhc-changes-foreign-homebuyer-ban/wcm/eef27769-304e-4d27-bd02-fa9d18b78297