Foreign Ownership Made Simple
January 6, 2023
I wanted to reach out to the many hundreds of inquiries I get and let you know that this a lot to do about nothing…REALLY
It is designed to protect Canadians, and you, who want to become Canadians, from wealthy people who see real estate as just an investment, and have no intention of ever moving to Canada, and just hold the property as an investment, which a lot of time is being left vacant.
If you are a foreign worker, sponsored by a Canadian employer
If you have, or are applying for a Permanent Residency (PR) Card (you can’t purchase unless you already have the PR Card)
If you are an International Student (You will not qualify for a mortgage if you do not have an income to support the mortgage)
Then this law does not apply to you!
I wanted you to have this information as as always say…
You have questions…we have answers.