Kris Wallace and Andy Ali of Vancouver say their search for a larger condo to give their family more room has been frustrating. Real estate and rental costs in the city are so high that their 26-year-old daughter is still living with them and they’re all feeling the squeeze.
A year ago, the federal government instituted a foreign buyer ban after passing the Prohibition on the Purchase of Residential Property by Non-Canadians Act in 2022. The two-year ban, which came into effect on Jan. 1, barred non-citizens, non-permanent residents and foreign controlled companies from buying up Canadian property as an investment.
But Wallace says that ban didn’t do much for her family.
I bet these people voted for Trudeau.
