In Chapter 1, sub-section 1.4 of the 2022 Canadian budget, there is a rather remarkable new rule that bans foreign ownership and investment in housing for a period of two years. [LINK HERE]
“To make sure that housing is owned by Canadians instead of foreign investors, Budget 2022 announces the government’s intention to propose restrictions that would prohibit foreign commercial enterprises and people who are not Canadian citizens or permanent residents from acquiring non- recreational, residential property in Canada for a period of two years.”
Two points about this issue. First, can you imagine the media outcry if a conservative prime minister would ever make such a proposal? Quite a leftist change from the previous mantra “diversity is our strength”?
Second, considering the issue of foreign investment that creates housing, there is a likelihood this could backfire. The new position of Canada will certainly put more upward pressure on the U.S. housing market. Every action tends to have an equal and opposite reaction. It will be interesting to follow this and see where it leads.



Within the statements reported from his victory speech, Orban also warned citizens of the NATO and western allied countries about the manipulation of Ukraine and how he views the Zelenskyy regime:
