Navigating Canada's Updated Foreign Property Ownership Laws: A Guide to New Exemptions and Regulations

Canada’s real estate landscape is uniquely positioned at the intersection of domestic affordability concerns and international investment interests. The Prohibition on the Purchase of Residential Property by Non-Canadians Act, effective since January 1, 2023, represents a pivotal effort by the Canadian government to prioritize housing availability for its citizens and permanent residents amidst...

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...