What a Foreign Buyer Needs to Do Before Buying a Home in Victoria, BC
Posted on Aug 20, 2024 in Foreign Buyers
What are the Legal Requirements for Foreigners Purchasing a Home in Victoria?
One of the most important aspects for foreign buyers to understand is the legal framework governing property purchases in British Columbia.- Citizenship and Residency Status:
- Do You Need to Be a Canadian Citizen or Permanent Resident? No, you do not need to be a Canadian citi...
A Guide to Foreign Home Buying in British Columbia, Canada
Posted on Aug 12, 2024 in Foreign Buyers
British Columbia has long been a desirable destination for homebuyers worldwide, thanks to its stunning landscapes, thriving cities, and high quality of life. However, if you’re a foreign buyer considering purchasing a property in BC, there are specific steps you must follow, including understanding the tax implications, legal requirements, and rec...
Foreign Buying in Canada
Posted on Apr 19, 2024 in Foreign Buyers
Foreign buying in Canada refers to the purchase of real estate by individuals or entities who are not Canadian citizens or permanent residents. Here's a detailed overview of foreign buying in Canada, including regulations, trends, and implications:
1. Regulations and Restrictions:
- Foreign Buyers Tax: Several provinces have implemented additional taxe...
Ban on Foreign Buying in Canada
Posted on Feb 07, 2023 in Foreign Buyers
For a period of two years starting January 1, 2023, non-Canadians are banned from purchasing homes in Canada under the definition of “residential property” indicated in the legislation and associated regulations that the federal government published on December 21, 2022.
Although further technical interpretations of the regulations are still pending...