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Carney's first proposed budget tweaks capital gains, foreign property buyer rules

Homebuilding association 'deeply disappointed and concerned' with plan's response to housing crisis
Canada's Prime Minister Mark Carney handed down his first federal budget Tuesday at Parliament in Ottawa. (CoStar)
Canada's Prime Minister Mark Carney handed down his first federal budget Tuesday at Parliament in Ottawa. (CoStar)
CoStar News
November 6, 2025 | 4:02 P.M.

Canada’s Prime Minister Mark Carney's first federal government budget, unveiled this past week in Ottawa, outlines a five-year plan that introduces housing initiatives, capital gains reforms and foreign ownership rules with direct implications for the country’s real estate market.

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