Justin Trudeau bans Asians from buying residential property in Canada.

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A Canadian law barring foreigners from buying property in the country took effect Sunday, as part of Prime Minister Justin Trudeau's plan to address inflating prices spurred by a recent uptick in home purchases from Asian immigrants.

The bill, dubbed the Prohibition on the Purchase of Residential Property by Non-Canadians Act, seeks to quell the country's housing crisis by prohibiting all outsiders - particularly investors - from purchasing property throughout its 10 provinces.

Passed by Parliament in June, the guidance is a cornerstone of Trudeau’s proposal to cool speculation that has seen average home prices swell to an eye-watering $800,000 since the pandemic.

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It comes as Governor Ron DeSantis proposed a similar legislation for his state of Florida, which would prohibit buyers from China and seven other 'countries of concern' from buying agricultural land and land that surrounds military bases.

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The yet to be approved bans, the politician has said, will make it more difficult for foreign-based powers - including China, Cuba, Russia, Iran, North Korea, Syria, and Venezuela - to engage in espionage or influence operations within the Sunshine State.

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