Buying Condo in Toronto
Jul 3rd 2021, 12:57 pm
#1
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Joined: Aug 2020
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Buying Condo in Toronto
We are considering purchasing a Condo in Toronto. Daughter Canadian and I am non Canadian. Apart from foreigner’s tax of 15%, are there other Canadian property legislation which we should be aware of between buying solely under her name or jointly with me?
Jul 3rd 2021, 1:38 pm
#2
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Location: SW Ontario
Posts: 19,879
Re: Buying Condo in Toronto
https://britishexpats.com/wiki/Category:Housing-Canada
Condo buying - Ontario: https://www.cmhc-schl.gc.ca/en/consu...rio-fact-sheet
https://www.cmhc-schl.gc.ca/en/consumers/home-buying
Condo buying - Ontario: https://www.cmhc-schl.gc.ca/en/consu...rio-fact-sheet
https://www.cmhc-schl.gc.ca/en/consumers/home-buying
Last edited by Siouxie; Jul 3rd 2021 at 1:41 pm.
Jul 11th 2021, 2:08 am
#3
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Joined: Aug 2006
Location: Brampton
Posts: 574
Re: Buying Condo in Toronto
I have been in Canada 12 years now. I think with a condo you want to make sure of many things. It will depend on if your buying a pre con or existing one. Also you may pay more when time comes to sell it in future. Is your daughter or card status. Better she buys it in her name fully. You can just help her fund it.
Last edited by Jerseygirl; Jul 11th 2021 at 2:33 am. Reason: Sorry you cannot do that
