The Canadian government has extended the Foreign Buyer Ban to December 31, 2026. If you are a non-Canadian citizen or permanent resident, you won’t be able to purchase single-family homes, duplexes, or triplexes in Ontario and across Canada until January 1, 2027. Here’s what you need to know:
For Canadian Citizens & Permanent Residents:
You can still purchase any property this year or next, regardless of where you live, and you won’t be subject to the 25% land speculation tax.
For Foreign Buyers:
You can purchase vacant land zoned residential or multi-unit properties (4+ units).
Joint purchases with a Canadian spouse for a primary residence are allowed without paying the additional tax.
Work Permit Holders & Students:
You may still be eligible to purchase property but may face the additional 25% tax at closing. Rebates are available if you become a permanent resident within 4 years.
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