New Federal Legislation Prohibiting the Purchase of Residential Property by Non-Canadians
Posted on Feb 06, 2023
Starting January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act came into force. The Act prohibits any individuals who are not Canadian Citizens or permanent residents of Canada from purchasing residential property for two years.
Here are some key points:- Prohibits non-Canadians from indirectly/directly purchas...