<span style="color: #222222;">In Canada, a two-year ban on foreigners buying homes has come into effect. In a statement, the federal housing Minister Ahmed Hussen said, the ban is meant to discourage buyers from looking at homes as commodities instead of a place to live and grow a family.<br />''<br />''The ban prohibits people who are not Canadian citizens or permanent residents from buying residential properties and imposes a fine of 10,000 Canadian Dollar on those who breach it. According to media reports, the ban aims to help ease one of the most unaffordable housing markets in the world.<br />''<br />''It said, as of this summer, the average home price in Canada is 568,000 dollars, which is more than 11 times high comparatively the median household average income.<br />''<br />''Meanwhile, New Zealand also passed similar legislation banning foreign homebuyers in 2018 as the country grappled with its own housing affordability crisis.</span><br />