Fedupscotsman

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

bc2015

The ban does not apply to permanent residents.

https://www.cmhc-schl.gc.ca/en/media...wned-canadians

London2OntarioRealtor

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.

Fedupscotsman

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.

OrangeMango

You were right to ask. I also found it confusing the way it was reported in the media. It felt one had to be a Canadian citizen as the only requirement to buy. It doesn't make any sense for a PR to be banned from buying or hit with an extra tax. No immigrant would consider Canada if such a ruling was taking place...

This 2 year ban is also only political, it's only focusing on 1% of all the properties purchased.

CanadaJimmy

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.