Investing in Canadian Homes: Exemptions to the Foreign Buyer Ban for Non-Residents
In recent years, Canada's real estate market has seen unprecedented interest from international investors, leading to soaring housing prices and growing concerns over housing affordability for Canadians. In response, the Canadian government enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act, effective January 1, 2023. This legislation, aimed at cooling the overheated housing marke...