Canada extends ban on housing purchases by foreigners for two years. Justin Trudeau's liberal government blames foreign investors for having driven up prices for years, particularly in large urban centers.
Many experts, however, estimated that this ban on foreign buyers would not have the desired effect. Instead, they emphasize the need to build more homes to meet demand. In mid-January, Canada notably announced the establishment of a cap on visas for foreign students, whose numbers have exploded in recent years, accentuating the housing crisis.