New Prohibition Law Slows Down New Housing Supply in Canada
Last week we talked about the Prohibition on the Purchase of Residential Property by Non-Canadians Act is seriously doing damage to the commercial real estate in Canada.
The regulations also pose another challenge to land development as they forbid Canadian companies with over three percent foreign ownership from acquiring undeveloped land for residential purposes and properties with fewer than four units. This poses a significant predicament for the home building and land development industry in Canada, given the high number of firms with varying degrees of foreign ownership.
Furthermore, land that has been zoned as mixed-use land can no longer be purchased for development by any company that is partially foreign owned. Experts have identified this as a pressing concern, especially since the regulations have been enacted rather than being in the pre-law stage.
上周我們談到了《禁止海外買房令》正在對加拿大的商業房地産造成嚴重的影響。
該法規其實還對住宅土地開發構成了另一個挑戰，因為它禁止所有外資公司 (非加拿大人持有實體股份超過3%的加拿大公司) 收購用於少於四個單元的房產的未開發土地。鑒於在加拿大外資的公司數量衆多，這給加拿大的房屋建築和土地開發行業帶來了巨大的困境。
此外，外資公司購買和開發混合用途土地現在也被禁止。由於這些法規已經實行，而不再是處於法律審批階段, 專家們認為這是一個非常迫切的問題。
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