The government is looking for ways to finance $25 billion in new spending to support those hit hard by the pandemic.
Support for a ban cuts across all demographics, Research Co. says.
The Liberals say the changes will help address affordability concerns.
Following New Zealand's lead in banning non-resident home buyers could make a future housing downturn worse.
"This government believes that New Zealanders should not be outbid by wealthier foreign buyers."
Inquiries into Montreal's real estate market jumped by more than 84 per cent in the past year.
"Expectations of future price growth" are also prompting buyers to pay more.
They want the province to be less attractive for people to anonymously "hide wealth."
Buyers of million-dollar homes are going to have a tougher time claiming poverty-level incomes.
"Foreign ownership is a thing; it's not the thing."