RSS

Federal Foreign Buyer Ban

Posted on by
Federal Foreign Buyer Ban

Many times I receive enquiries from residents of the United States and I wanted to share this with you all as all our time is valuable! Did you know Canada still has a federal foreign buyer ban in place for certain residential real estate purchases. The law is called "Prohibition on the Purchase of Residential Property by Non-Canadians Act", and it originally started on January 1, 2023. It was extended by the federal government and is currently set to remain in effect until January 1, 2027.

Prohibition on the Purchase of Residential Property by Non-Canadians Act

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.