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Realtors Push to Lift Foreign Buyer Ban Amid Market Challenges

10/12/2025

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Summary

Story summary

Vancouver realtors seek to end the federal foreign buyer ban, expiring in 2027, to revive housing market.
They argue foreign investors could boost buyer confidence, though they doubt such investors would return under market conditions.
In Toronto, the condo market faces an oversupply of listings, leading to seller competition and potentially lower prices.
Bank of Canada rate cuts could support real estate, but concerns about labor market and affordability persist.

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Story summary

Vancouver realtors seek to end the federal foreign buyer ban, expiring in 2027, to revive housing market.
They argue foreign investors could boost buyer confidence, though they doubt such investors would return under market conditions.
In Toronto, the condo market faces an oversupply of listings, leading to seller competition and potentially lower prices.
Bank of Canada rate cuts could support real estate, but concerns about labor market and affordability persist.