Some exemptions to Canada's two-year ban on Non-Canadian purchases of Residential Real Estate
Last updated December 28, 2023 Effective January 1, 2023, the Canadian Government enacted a temporary two-year ban (2023-2024) on non-Canadian purchase of residential real estate. It's called the “Prohibition on the Purchase of Residential Property by Non-Canadians Act”, and the legislation link is here. Basically, the intention of the Act is to prevent speculative investment by foreign investors.
Read More