Can Foreigners Buy Property in Canada? 7 Expert Tips for Foreign Investors
Posted by Adam Chahl on
Canada’s housing market is largely closed to non-resident buyers. A federal ban (effective 2023–2027) prohibits most non-Canadians from purchasing residential property. Provincial surtaxes (20% in British Columbia, 25% in Ontario) further discourage foreign investment. Despite this, foreign investors can still participate via exceptions (e.g., if on a work/study permit) and by buying non-residential or commercial real estate. To succeed, foreign buyers need to understand Canada’s rules, plan for taxes/fees, research top markets, arrange financing, and get local advice. This article outlines 7 expert tips—from legal compliance to choosing cities and managing costs—and includes data on major cities to guide international investors.
Understanding…
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