NO! Canada DIDN'T Just Ban Foreign Real Estate Buyers

Yesterday the Canadian Federal Government announced their 2022 Budget. In that budget are many real estate and Canadian housing related items including a two year ban on foreign buyers across the whole country.

But is it really a total ban?

In this video, Surrey, BC real estate agent Steve Karrasch of Macdonald Realty, addressed the announced foreign buyer ban, who is exempt and what the penalties are for those who do not play by the rules.

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.

#RealEstateCanada #2022FederalBudget #ForeignBuyersCanada