Source Feed: The Globe and Mail
Author: Frances Bula
Publication Date: July 30, 2025 - 20:01
Eby rebuffs developers’ calls to loosen foreign investment rules in housing
July 30, 2025
B.C. Premier David Eby has rebuffed calls by property developers for the federal and provincial governments to loosen restrictions on foreign investment in the housing sector, saying he doesn’t want to return to the old system that allowed rampant and uncontrolled foreign investment in Canadian housing.
The Premier was responding to an open letter from B.C. developers this week that was also sent to Prime Minister Mark Carney and federal Housing Minister Gregor Robertson.
According to PBO’s projections, 2.5 million new homes will be added to Canada’s housing stock by 2035 — an addition of 227,000 net new units completed annually over 2025 to 2035.
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The Parliamentary Budget Officer estimates Canada needs to build 3.2 million new homes in the next decade to close the housing gap but isn’t currently on track to do that.The latest PBO report estimates the number of new home builds will be higher over the next three years but will gradually return to historical averages after that.
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