(Reuters) - Canada on Sunday announced a two-year extension to a ban on foreign ownership of Canadian housing, saying the step was aimed at addressing worries about Canadians being priced out of housing markets in cities and towns across the country.

Canada is facing a housing affordability crisis, which has been blamed on an increase in migrants and international students, fueling demand for homes just as rising costs have slowed construction.

  • poppy
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    10 months ago

    It’s my understanding as little as a year ago raw materials were also still suffering a shortage, though I’m not sure that’s the case now.