Canada has passed a law that prohibits foreigners from buying homes before housing crisis against this country.

This Sunday, January 1, 2023, a law came into force which prohibits foreigner buy residential properties in Canada with the goal of making more housing available to Canadians facing a housing crisis.

The approved law in Canada stipulates that it is prohibited to sell Houses city ​​and not recreational properties, such as summer cottages.

Banning foreigners from buying houses was proposed by Justin Trudeau

The measure of prohibit foreigners from buying houses It was a proposal from the Prime Minister Justin Trudeau during the 2021 election campaign.

The above because the high prices were beyond the reach of Canadians but it should be noted that this is a two year temporary measure.

At the time, Justin Trudeau said, “The convenience of Canadian homes attracts speculators, wealthy corporations and foreign investors. This creates a real problem of underused and vacant housing, rampant speculation and skyrocketing prices. Houses are for people, not for investors.”

After winning the 2021 elections, the law for prohibit foreigners from buying houses It was passed, and in major markets like Vancouver and Toronto, taxes on non-Canadian homeowners and vacant homes were also passed.

Although this is a welcome measure to deal with the housing crisis in canadainternational media are pointing out that banning foreigners from buying homes will not encourage Canadians to buy homes.

What they predict is that the need for housing construction to meet demand will become evident.

Why should Mexico learn from Canada?

The new law in Canada could serve as an example for Mexicoespecially in the Mexico Citywhere Claudia Sheinbaum analyzes the regulation of the Airbnb platform before the housing crisis which is crossed

Claudia Sheinbaum has indicated that she is “considering” regulating the use of Airbnb in CDMXso not all areas are filled with houses used for the platform.

In this sense, the Head of Government of the CDMX He said he has spoken with different mayors of cities around the world who have regulated the accommodation platform for individuals and tourists.

It should be noted that the analysis is given a little more than a month after a protest against Airbnb, because citizens accuse this platform of having caused in the rising house prices and rents in the CDMX.

Note that in the capital there are more than 19,000 rentals on online platforms, including Airbnb and Vrbo, 65% of which are complete houses.