
Prohibition on the Purchase of Residential Property by Non-Canadians
December 22nd, 2022
The Government of Canada has passed a new law preventing non-Canadians and corporations controlled by non-Canadians from purchasing residential property in Canada for two years. The regulations, however, include an exception for any residential property outside of a Census Metropolitan Area or Census Agglomeration as identified in Statistics Canada’s Standard Geographical Classification 2021. ...