Posts tagged with “Purchase of Residential Property by Non-Canadians Act”

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Federal Foreign Buyers Ban is in Effect

For a period of two years starting January 1, 2023, non-Canadians are banned from purchasing homes in Canada. Here’s what you need to know.

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Canada’s Foreign Buyer Ban Begins in January

While REALTORS® owe their clients an obligation to inform about the act, it allows for penalties on any party found guilty of knowingly assisting a non-Canadian in violating the prohibition.