Stéfane Marion, chief economist at National Bank of Canada (NBC), has called on the federal government to revise the country’s ban on non-resident foreign homebuyers, arguing the restriction directly undermines Ottawa’s drive to restore Canada’s appeal to international investors. Speaking at the Mortgage Professionals Canada (MPC) conference in Calgary on Tuesday, Marion said he expects Ottawa to act before the ban’s January 1, 2027 expiry — and that any revision should specifically permit foreign nationals to purchase new-build homes.
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