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On Thursday, Canada’s federal budget included several measures with the goal of cooling Canada’s red-hot housing market, including $4 billion to help municipalities with planning and delivery of housing projects, and a $1.5 billion commitment over two years for as many as 6,000 new affordable housing units. Additionally, among the announcements is a two-year ban on foreign home purchases, though there are several exceptions, including students and refugees, among others.

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