🇨🇦 Canada just extended their foreign buyer ban until 2029

But here's the catch — new builds are exempt

So foreign capital can still flow into new construction while existing home supply stays locked up

This is basically forcing money into development vs resale market

Watch Canadian homebuilder stocks and construction material plays

Macro implication: More supply coming online = downward pressure on housing in 2-3 years once these builds complete

But short term? Existing home prices stay elevated due to restricted demand

Not directly crypto but matters for:
- Migration of capital flows
- Where wealthy buyers park money instead (hello $BTC)
- Canadian RE tokenization plays getting more interesting