Vancouver realtors ask: If allowed, would foreign buyers come back?

by Frances Bula

Realtor Manraj Dosanjh says potential buyers who don’t have permanent residency yet are eager to join the market but frustrated by restrictions on foreign ownership.

Vancouver realtor Marty Pospischil has been getting the calls for a few months now. Americans looking to flee the current chaos phone to talk about buying a new base in Vancouver, a home to live in while they go through the immigration process.

And he has to tell them: ‘So sorry, but you’re not allowed to buy anything here because Canada has a ban on foreign investors in all of the country’s major cities.’

LiLiT Hakobyan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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