Tag: foreign buyer
Tag: foreign buyer
Amendments to the foreign buyer ban on purchasing residential real estate in Canada
Earlier in January, 2023 came into effect the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the "Ban"). Almost three months later near the...
Can a foreign buyer enter into a purchase for a Pre-Construction Condo that closes after the 2-year ban?
The simple answer, is no. Although not exactly clear, the language in the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the "Act"), does...
Foreign Buyer Ban and Anti-House Flipping Laws Implemented in 2023
The Foreign Buyer Ban If you have been trying to buy a house over the last few years, you may feel it's impossible to get one...
The Ontario Real Estate market meets its April 2017 Budget; are we in crisis?
April 2017 will possibly go down as the turning point in Ontario/Canada's economy. Although the brunt of the straws that broke the camel’s back were dropped...
Ontario’s new real estate cooling off plan and the 15% foreign buyer tax!
Ontario's new real estate cooling off plan has the following changes: 1) 15% Non-Resident Speculation Tax on residential single family dwellings purchased by non-citizens or non-permanent residents...
