Feld Kalia Professional CorporationToronto, ON · December 29, 2022Foreign Buyer Ban on Residential Property – Effective January 1, 2023
What is the Foreign Buyer Ban? Effective January 1, 2023, the Government of Canada is implementing a two (2) year foreign buyer ban. This means that ONLY Canadian citizens/permanent residents will be allowed to buy residential property in Canada. There are some exceptions to the ban. For example, if a non-Canadian is purchasing with their…
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