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Canada Real Estate: Foreign Home Buyer Ban Extended For 2 More Years! 

Living in the Lower Mainland BC
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16 окт 2024

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Комментарии : 7   
@livinginthelowermainland
@livinginthelowermainland 6 месяцев назад
Do you think the foreign buyer ban will have any meaningful impact or not? 👇
@ap80shg
@ap80shg 6 месяцев назад
Does this apply to permanent residents? Moving to Canada soon to Vancouver
@caliorbustarika3310
@caliorbustarika3310 6 месяцев назад
Nope, as long as you buy after moving to Canada. As far as I know. This doesn’t even impact international students buying homes using parents money.
@ap80shg
@ap80shg 6 месяцев назад
@@caliorbustarika3310 Cool thanks :) Though the policy does sound a bit odd. If you want to invest, just sign up to be a student and invest in property as a "student"
@livinginthelowermainland
@livinginthelowermainland 6 месяцев назад
No it does not. PR allows you to be exempt!
@livinginthelowermainland
@livinginthelowermainland 6 месяцев назад
@caliorbustarika3310 this is partially true. It comes with many regulations. See be low for the exact wording from the government website: The Act and Regulations provide exceptions, including for the following persons: Temporary residents studying in Canada, if they: - are enrolled in a program of authorized study at a designated learning institution as defined in the Immigration and Refugee Protection Regulations, and - have filed income tax returns for each of the 5 taxation years preceding the year in which the purchase was made, and - have been physically present in Canada for a minimum of 244 days in each of the 5 calendar years preceding the year in which the purchase was made, and - have not previously purchased a residential property in Canada while the prohibition is in effect, and - purchase a property for a price not exceeding $500,000
@livinginthelowermainland
@livinginthelowermainland 6 месяцев назад
@@ap80shg it's not quite that simple. If you want some additional info, send me an email at alex@realestatehelp.com⁣ and I can send you an email I've created with different links and more details on the matter :)
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