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Canada to Ban Foreigners From Buying Homes as Prices Soar

  • Trudeau to put billions toward boosting housing supply
  • Benchmark price is up more than 50% over past two years
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Canada Finance Minister Freeland Defends Trudeau Budget
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Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market. 

The measures will be contained in Finance Minister Chrystia Freeland’s budget on Thursday, according to a person familiar with the matter, asking not to be named because the matter is private.