Is Ontario's Foreign Buyer Ban About to Backfire? Here's the New Plan | The OP Team

Is Ontario's Foreign Buyer Ban About to Backfire? Here's the New Plan | The OP Team

July 16, 2026 Β· 5 min

About this episode

The episode discusses the potential implications of Ontario's foreign buyer ban expiring and the new policies being considered.

Ontario's foreign buyer ban has been in place since January 2023 β€” 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 β€” but if you're planning a purchase or sale in this market, this is a policy shift worth watching closely. πŸ“© DM us πŸ“ž (416) 270-1431

Explore listener stats, chart rankings, contacts and more on the Revealing Real Estate podcast page.