Foreign Ownership
The rules around foreigners buying real estate in Canada aren’t actually related to citizenship – even citizens of Canada who don’t reside here for more than half the year are considered non-residents (and thus subject to all the same rules).
Canada welcomes home buyers from all countries, and there are no restrictions on the amount or kind of real estate you can buy.
Important! As of April 21, 2017, any individual who is not a Canadian citizen or permanent resident of Canada (including corporations and trusts) is subject to a Non-Resident Speculation Tax of 15% of the purchase price (paid at closing) for properties purchased in Toronto, Brant, Dufferin, Durham, Haldimand, Halton, Hamilton, Kawartha Lakes, Niagara, Northumberland, Peel, Peterborough, Simcoe, Toronto, Waterloo, Wellington and York. You can read the details of the Non-Resident Speculation Tax here.
Owning a property in Canada does not give you any immigration privileges and if you want to live here, you’ll still need to qualify under Canada’s Immigration Laws.