CANADIAN GOVERNMENT ENACTS A 2-YEAR BAN ON PURCHASES OF RESIDENTIAL REAL ESTATE BY NON-CANADIANS

On 13 October, Dentons reported that, from 1 January, non-Canadians will be prohibited from purchasing residential real estate in Canada for a period of 2 years under the newly enacted Prohibition on the Purchase of Residential Property by Non-Canadians Act.  The insight discusses these key points in greater detail and suggests the next steps for developers and vendors.

https://www.dentons.com/en/insights/articles/2022/october/12/canadian-government-enacts-a-two-year

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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