Canada's Liberals put red-hot real estate markets squarely in their sights on Thursday, laying out a budget geared at boosting housing affordability amid soaring inflation, while promising modest new spending to encourage medium-term growth.
The 2022 budget set out C$9.5 billion ($7.5 billion) over five years in net new spending on housing initiatives and promised to legally ban foreign investors from buying Canadian homes for two years, though it gave no timeline for that legislation.
