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On foreign buyer ban, softer housing markets could benefit from precision over prohibition

Enacting targeted exemptions may help stabilize Canada’s weakest segments
Condo buildings in downtown Toronto, including the recently completed Concord Canada House at 23 Spadina Ave. (CoStar)
Condo buildings in downtown Toronto, including the recently completed Concord Canada House at 23 Spadina Ave. (CoStar)
CoStar Analytics
December 18, 2025 | 1:01 P.M.

Canada’s housing crisis is multifaceted: Picture a Ven diagram of overlapping issues involving affordability, availability and price stability. In an ideal world, home prices would remain relatively flat on a nominal basis while the country increased productivity and wage growth, helping to address housing affordability issues.

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News | On foreign buyer ban, softer housing markets could benefit from precision over prohibition