Immigration Canada - PanCanadian Immigration Law Group

Can a foreigner purchase real estate?

Discussion in 'Business and Investment' started by Pioneer, Apr 18, 2013.

  1. Pioneer

    Pioneer Member

    If I don't plan on becoming a Canadian resident, can I still purchase a house there, and rent it out? Is it alright to purchase a home as an investment property, like maybe an apartment building, and collect money for it?
  2. Panusa

    Panusa Administrator Staff Member

    Yes you can purchase property here without being a permanent resident. However, you need to get tax advice to ensure it is worthwhile from a tax perspective. For example, Canada has bilateral tax agreements with certain countries to avoid double taxation on property income (for example). You want to ensure you won't be taxed twice - once in Canada, and again in your home country.
  3. loon92

    loon92 New Member

    If you were to purchase investment property would it be more beneficial to buy in an area where there would be the potential of high income, like Banff, Alberta's ski resorts?
  4. Panusa

    Panusa Administrator Staff Member

    Purchase of an investment property depends on all kinds of factors, not least of which your experience in the type of property. There are no easy answers on where to buy a profitable investment property.
  5. bretttrembly

    bretttrembly New Member

    You can purchase land or building in that place. You have to pay tax as per the state rules.

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