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A new act in Canada bans non-citizens, non-permanent residents and foreign commercial enterprises from buying Canadian residential properties. (Shutterstock)

Canada’s ban on foreign homebuyers is unlikely to affect housing affordability

Since foreign owners only represent a tiny segment of the housing market, it’s unlikely that Canada’s new ban on foreign homebuyers will make homes more affordable for Canadians.
Many countries are dealing with a rapidly rising cost of living. Billion Photos/Shutterstock

Global economy 2023: how countries around the world are tackling the cost of living crisis

Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.

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