Aliens Buying Real Property
Aug 8th 2005, 3:36 pm
#1
Forum Regular
Thread Starter
Joined: May 2005
Posts: 32
Aliens Buying Real Property
As a foreigner awaiting approval of PR application, am I allowed to buy real property in Canada ?
Aug 8th 2005, 3:36 pm
#2
Joined: May 2004
Posts: 8,984
Re: Aliens Buying Real Property
yes
Originally Posted by boracay
As a foreigner awaiting approval of PR application, am I allowed to buy real property in Canada ?
Aug 8th 2005, 3:52 pm
#3
Forum Regular
Joined: Jul 2005
Location: Stockton on Tees, UK
Posts: 89
Re: Aliens Buying Real Property
Hi
Pretty sure I read somewhere you can only buy property less than 10 acres if not PR.
Rob
Pretty sure I read somewhere you can only buy property less than 10 acres if not PR.
Rob
Originally Posted by Andrew Miller
yes
Aug 8th 2005, 4:35 pm
#4
Joined: May 2004
Posts: 8,984
Re: Aliens Buying Real Property
Sorry but it is just pure BS. No such thing. Anyone can buy any size of property in Canada, regardless of status here. There are many investors who never been to Canada and own biggest ranches in Canada, huge condo properties (tens of condo buildings), etc.
Originally Posted by robwrx
Hi
Pretty sure I read somewhere you can only buy property less than 10 acres if not PR.
Rob
Pretty sure I read somewhere you can only buy property less than 10 acres if not PR.
Rob
Aug 8th 2005, 5:51 pm
#5
Forum Regular
Joined: Jul 2005
Location: Stockton on Tees, UK
Posts: 89
Re: Aliens Buying Real Property
Might well be bull s but I did read it and didnt just make it up.
Make of it what you like . Dont claim to be an expert.
I was just trying to help.
The following was taken from this website
http://www.assignmentscanada.ca/buyingincanada.html
Please note that the comments contained on this page are for information purposes only and do not constitute legal advice.
Buying Property in Canada
The bottom line is that buying real estate in Canada is very easy.
From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you plan to live in Canada for more than 6 months per year, you must apply for immigrant status.
It is important to note, however, that while the majority of Provinces (British Columbia, Ontario, Quebec, Nova Scotia, Newfoundland, New Brunswick) have no restrictions on foreign ownership of real estate in Canada, some do limit the amount of property/land that a non-resident can purchase. On Prince Edward Island, non-resident buyers must apply to the Island Regulatory and Appeals Commission for land over 5 acres in size, or land with a shore frontage greater than 165 feet. In Manitoba, non-residents are prevented from owning farmland unless they actually plan to move there within 2 years. Non-residents may not own land over 10 acres in size in Saskatchewan, whilst in Alberta they may only own up to 2 plots of land not exceeding 20 acres in total.
cheers
Rob
Make of it what you like . Dont claim to be an expert.
I was just trying to help.
The following was taken from this website
http://www.assignmentscanada.ca/buyingincanada.html
Please note that the comments contained on this page are for information purposes only and do not constitute legal advice.
Buying Property in Canada
The bottom line is that buying real estate in Canada is very easy.
From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you plan to live in Canada for more than 6 months per year, you must apply for immigrant status.
It is important to note, however, that while the majority of Provinces (British Columbia, Ontario, Quebec, Nova Scotia, Newfoundland, New Brunswick) have no restrictions on foreign ownership of real estate in Canada, some do limit the amount of property/land that a non-resident can purchase. On Prince Edward Island, non-resident buyers must apply to the Island Regulatory and Appeals Commission for land over 5 acres in size, or land with a shore frontage greater than 165 feet. In Manitoba, non-residents are prevented from owning farmland unless they actually plan to move there within 2 years. Non-residents may not own land over 10 acres in size in Saskatchewan, whilst in Alberta they may only own up to 2 plots of land not exceeding 20 acres in total.
cheers
Rob
Originally Posted by Andrew Miller
Sorry but it is just pure BS. No such thing. Anyone can buy any size of property in Canada, regardless of status here. There are many investors who never been to Canada and own biggest ranches in Canada, huge condo properties (tens of condo buildings), etc.
Aug 8th 2005, 8:46 pm
#6
Vi
Joined: Jul 2005
Location: Prince Edward Island
Posts: 343
Re: Aliens Buying Real Property
Originally Posted by robwrx
Might well be bull s but I did read it and didnt just make it up.
Make of it what you like . Dont claim to be an expert.
I was just trying to help.
The following was taken from this website
http://www.assignmentscanada.ca/buyingincanada.html
Please note that the comments contained on this page are for information purposes only and do not constitute legal advice.
Buying Property in Canada
The bottom line is that buying real estate in Canada is very easy.
From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you plan to live in Canada for more than 6 months per year, you must apply for immigrant status.
It is important to note, however, that while the majority of Provinces (British Columbia, Ontario, Quebec, Nova Scotia, Newfoundland, New Brunswick) have no restrictions on foreign ownership of real estate in Canada, some do limit the amount of property/land that a non-resident can purchase. On Prince Edward Island, non-resident buyers must apply to the Island Regulatory and Appeals Commission for land over 5 acres in size, or land with a shore frontage greater than 165 feet. In Manitoba, non-residents are prevented from owning farmland unless they actually plan to move there within 2 years. Non-residents may not own land over 10 acres in size in Saskatchewan, whilst in Alberta they may only own up to 2 plots of land not exceeding 20 acres in total.
cheers
Rob
Make of it what you like . Dont claim to be an expert.
I was just trying to help.
The following was taken from this website
http://www.assignmentscanada.ca/buyingincanada.html
Please note that the comments contained on this page are for information purposes only and do not constitute legal advice.
Buying Property in Canada
The bottom line is that buying real estate in Canada is very easy.
From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you plan to live in Canada for more than 6 months per year, you must apply for immigrant status.
It is important to note, however, that while the majority of Provinces (British Columbia, Ontario, Quebec, Nova Scotia, Newfoundland, New Brunswick) have no restrictions on foreign ownership of real estate in Canada, some do limit the amount of property/land that a non-resident can purchase. On Prince Edward Island, non-resident buyers must apply to the Island Regulatory and Appeals Commission for land over 5 acres in size, or land with a shore frontage greater than 165 feet. In Manitoba, non-residents are prevented from owning farmland unless they actually plan to move there within 2 years. Non-residents may not own land over 10 acres in size in Saskatchewan, whilst in Alberta they may only own up to 2 plots of land not exceeding 20 acres in total.
cheers
Rob
Its the same in PEI Rob...........can only buy limited amount of waterfront land on which to build. Vi.
