Posts tagged Prohibition on the Purchase of Residential Property by Non-Canadians Act.
Posted in Real Estate

Introduction

Earlier this year, the federal government introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”)[1], which comes into force on January 1, 2023. The stated purpose of the Act is to address Canada’s housing affordability crisis.

The Prohibition

The Act will prohibit non-Canadians from purchasing ...

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