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How will the foreign homebuyers two-year ban create new home buying opportunities for Canadians?

The Government of Canada ban on foreign home investors from buying property in Canada took effect on January 1st, 2023.


What you need to know.


The two-year ban, targeting prospective foreign home buyers will no longer be able to purchase real estate that includes condos, apartments, and single residential units – as well as higher taxes for investors who let their homes sit vacant.


The main focus of the ban is to restrict foreign home investors from purchasing real estate where there is no intention of living in them. Thus causing a shortage of available inventory and driving up real estate prices for Canadians. Toronto alone has approximately 5% of homes sitting vacant, Therefore, this could be significant for buyers waiting to get into the real estate market.


These measures could provide some temporary relief in a very tight market – particularly combined with measures presented by the Ontario government to dampen the market, like making blind bidding optional


With this...

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Taking over the responsibility of selling your elderly parent's home can be deeply emotional and difficult to go through. Whether the circumstances are due to declining health, mobility, finances, or just a desire to downsize can be a challenging process to maneuver for parents and children.



Here are several Do’s and Don’ts for handling this sensitive issue.

Do meet with a real estate professional

There is no reason that you have to go about selling your parent's home alone. A meeting with  Sue Heddle Homes will take out the stress of how to put your parent's home on the market. Benefits:

  1. Accurately assess the home value through in-depth market analysis.

  2. Provide a cost-effective action plan of how to market your home to buyers ( i.e. update outdated wallpaper or carpets, etc).

  3. Staging with up-to-date furniture and accessories to showcase the home’s best features and attributes. 

  4. Create a custom marketing package that includes professional photography and...

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