Canada is banning foreigners from owning their own homes from January 1st in a bid to stop house prices soaring.
The ban will be in place from New Year's Day for two years and follows in the footsteps of New Zealand who also banned ex-pats from owning residential properties in 2018.
New Zealand had 2.9 per cent of home buyers as non-residents, which fell to just 0.4 per cent but house prices continued to soar.
