Revealing Real Estate
Is Ontario's Foreign Buyer Ban About to Backfire? Here's the New Plan | The OP Team
Ontario's foreign buyer ban has been in place since January 2023 — but it's set to expire in January 2027, and the federal government is already reviewing what comes next. We break down the Australia-style model being considered, which would keep existing homes off-limits to foreign buyers but open the door to new construction and vacant land. With Vaughan being one of the most new-construction-heavy markets in the GTA (VMC, Kleinburg, and a deep pre-construction pipeline), this potential shift could have real consequences for builders, pre-construction buyers, and anyone watching the local development scene. We also cover what's already allowed under the current ban, how Ontario's 25% non-resident speculation tax still applies regardless of any federal changes, and what this means depending on whether you're buying resale, buying pre-construction, or building in Vaughan. Nothing is confirmed yet — but if you're planning a purchase or sale in this market, this is a policy shift worth watching closely. 📩 DM us 📞 (416) 270-1431
