Tag: Prohibition on the Purchase of Residential Property

amendments to foreign buyer ban, amendments to prohibition on purchase of residential property

9 Jul

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...

foreign buyer ban on pre construction condos

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...