Invest in Canada

As part of using all possible tools to make housing more affordable for Canadians, the ban on foreign ownership of Canadian housing has been extended to January 1, 2027.

Foreign commercial enterprises and people who are not Canadian citizens or permanent residents are prohibited from purchasing residential property in Canada. Foreigners however can purchase commercial properties without restriction.

Non-residents can only legally buy residential real estate in Canada if the foreign buyer ban is lifted after January 1, 2027. Ontario (like most other provinces in Canada) has no restrictions on foreign ownership of commercial real estate.

If you stay in Canada for 6 months or less per year, you are considered a non-resident. You must apply for immigrant status, if you stay in Canada for more than 6 months.

A non-resident can generally open a bank account and buy property. Usually, with a 35% down payment, mortgage financing can be arranged through local banks and mortgage brokers.

Canadian income taxes are complex and the taxation of Canadian real estate depends on whether the use of the property is for a principal residence, an active business or as a rental property. We suggest to seek advice from a qualified tax expert and/or accountant to discuss individual tax concerns.

Real Estate in Ontario is organized and governed by the Real Estate Council of Ontario (RECO), the Ontario Real Estate Association (OREA) and the Canadian Real Estate Association (CREA).

A licensed Realtor registered with the Toronto Real Estate Board (TREB) can show any property listed for sale on the Multiple Listing Service (MLS). It is not necessary to have more than one Realtor working for you.