Tag: foreign buyer tax
Tag: foreign buyer tax
13
Jan
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...
3
Jan
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...
4
May
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...
20
Apr
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...
