Upcoming 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, […]
