Millars Lawyers LondonLondon, ON · December 27, 2022Upcoming Legislation Changes Affecting Foreign Real Estate Investors and Purchasers
New federal legislation known as the Prohibition of the Purchase of Residential Property by Non-Canadians Act will begin taking effect on January 1, 2023 and this aims at prohibiting non-Canadians from directly or indirectly purchasing residential property within Canada.[1] This country wide ban will be in effect for a two-year period, commencing January 1, 2023,...
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