Foreign Buying in Canada
Posted on Apr 19, 2024 in Foreign Buyers
Foreign buying in Canada refers to the purchase of real estate by individuals or entities who are not Canadian citizens or permanent residents. Here's a detailed overview of foreign buying in Canada, including regulations, trends, and implications:
1. Regulations and Restrictions:
- Foreign Buyers Tax: Several provinces have implemented additional taxe...
Ban on Foreign Buying in Canada
Posted on Feb 07, 2023 in Foreign Buyers
For a period of two years starting January 1, 2023, non-Canadians are banned from purchasing homes in Canada under the definition of “residential property” indicated in the legislation and associated regulations that the federal government published on December 21, 2022.
Although further technical interpretations of the regulations are still pending...