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.
Posts tagged with “Foreign Buyers”
Advocacy
Federal Foreign Buyers Ban is in Effect
Advocacy
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.
Legally Speaking
Avoid Costly Mistakes Concerning the Foreign Buyers’ Tax #549
A recent BC Supreme Court decision highlights the potential risks for REALTORS® working with buyers whose residency or citizenship status is unknown or has recently changed.
Advocacy
How the 2022 Federal Budget Impacts BC Real Estate
On April 7, Budget 2022 was introduced with a significant focus on the supply and affordability of housing in Canada.
