Buying property as a foreigner is allowed in Canada. It is one of the most sought after and reliable modes of passive investment.

The property investments can be a residential condo, detached single-family home, commercial, mixed-use, or land for development. However, it is important to note that two of the major metropolitan cities in Canada where most foreign investors are most active have introduced non-resident speculation taxes.

These range from 15-20% depending on the location. There are exemptions to these regulations and options for future immigrant applicants to receive refunds on these property taxes.

Our firm specializes in real estate investments and immigration matters. In most cases, real estate agents are not familiar with immigration matters and would not be able to guide the buyers in the right direction. We have in-house immigration specialists and real estate advisors who assist in the right purchase and legal paperwork.

We also partner up with CPA firms who can assist with tax planning and implications for foreign buyers’ purchases and related profits.