Canada’s foreign buyer ban: What the 2027 expiry signals for investors - Borden Ladner Gervais LLP (BLG)

Foreign nationals have been blocked from buying homes in Canada since January 2023, but unless the government takes action the policy will expire this coming January 2027. The ban means people living overseas cannot buy residential property. It also extends to foreign companies, as well as Canadian private companies where more than 10% is foreign-owned. It was first introduced by the Justin Trudeau-led government with the remit to help ‘stabilize’ the housing market.

Apple announced the fourth-generation Apple TV 4K earlier this week, introducing the A19 chip, built-in microphones for hands-free Siri, four-speaker HomePod surround sound, and an updated ‌Siri‌ Remote. It replaces the third-generation model introduced in 2022, bringing a number of internal changes while retaining the same basic design and most of the same entertainment features. The new model costs $299 and comes with 128GB of storage. ‌Siri‌ AI is also coming to the third-generation model, and the new remote can be purchased separately for existing devices. Apple says the assistant will be available in beta with tvOS 27.2 on second-generation and later ‌Apple TV‌ 4K models, including conversational entertainment searches, follow-up questions, and personal context through a compatible paired device.

The 20th annual Cape to Cabot road race is taking place tomorrow. The grueling 20 km trek sees participants running from one historic landmark to another: From Cape Spear to Cabot Tower on top of Signal Hill. The race starts at 8 a.m., and because of that there are a few related road closures in St. John’s. Between 7:45 and 11a.m. there will be numerous road closures along the route. A full list can be found online at VOCM dot com. Expect traffic impacts from 7:45 a.m. to 11 a.m. on routes including Blackhead Road, Southside Road, Water Street, Harbour Drive, Duckworth Street, Temperance Street and Signal Hill Road.

On Monday, Albertans vote on whether to stay in Canada or hold another binding referendum on quitting Canada. If the vote goes as polls suggest, a majority of Albertans will mark an X to stay in Confederation, and Premier Danielle Smith has said if that’s so, she expects everyone to accept it and move on. Leaders of the independence movement contest that. And political watchers are divided about whether separation — previously a fringe sentiment — will now be a prominent, permanent feature of Alberta’s political landscape, as in Quebec. Julian Castro-Rea, a political-science professor at the University of Alberta who studies the separation debates in Quebec and Alberta, believes as long as Alberta feels alienated from the Canadian capital — feeling that Ottawa benefits from Alberta’s resource economy without giving back — the movement will have fuel. “Even if the referendum is lost, the westernization will still be around, because it’s kind of a way which, traditionally, Albertans have related to the rest of Canada,” says Castro-Rea, who believes western alienation may remain indefinitely. Story continues below advertisement

It’s no secret the long-held Canadian consensus on immigration has fractured — pulled apart by a rapid increase in new arrivals post-pandemic and growing affordability challenges. Now, that fracture is starting to show up at the ballot box. The Parti Québécois won a minority mandate in Quebec on a platform that included promises of tighter immigration controls, which the party linked to protecting French culture and easing pressure on public services and housing. And when Albertans head to the polls Monday to vote on whether to hold a future referendum on separation from Canada, they’ll also be answering five separate questions on immigration being pushed by the government of Alberta Premier Danielle Smith. Those questions include:— Should the province should have more say over economic immigration?— Should provincially funded services should be restricted to citizens, permanent residents and those with “Alberta-approved” immigration status? Story continues below advertisement