2 year ban on non Canadians buying property
I’ve just read this online. I’ve got conflicting answers and the articles aren’t entirely clear.
if the other half an I were granted PR via express entry, would we be eligible to buy a house within those two years? thanks in advance |
Re: 2 year ban on non Canadians buying property
The ban does not apply to permanent residents.
https://www.cmhc-schl.gc.ca/en/media...wned-canadians The Prohibition on the Purchase of Residential Property by Non-Canadians Act applies to individuals who aren’t:
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Re: 2 year ban on non Canadians buying property
As long as you have a active PR status then you are allowed to buy property. The ban is for outside investers who have no direct status in canada.
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Re: 2 year ban on non Canadians buying property
Originally Posted by London2OntarioRealtor
(Post 13162430)
As long as you have a active PR status then you are allowed to buy property. The ban is for outside investers who have no direct status in canada.
Originally Posted by bc2015
(Post 13162422)
The ban does not apply to permanent residents.
https://www.cmhc-schl.gc.ca/en/media...wned-canadians hope you both had a good Xmas and happy new year when it comes. |
Re: 2 year ban on non Canadians buying property
Originally Posted by Fedupscotsman
(Post 13162461)
appreciate it guys, just wasn’t 100% sure from what I’d read.
hope you both had a good Xmas and happy new year when it comes. This 2 year ban is also only political, it's only focusing on 1% of all the properties purchased. |
Re: 2 year ban on non Canadians buying property
Something to keep in mind is legally the rights of PR are mostly equivalent to Citizen aside from criminal activity and the residency requirement, making exceptions is generally difficult and open to legal challenges.
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