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Sunday, 22 January 2012

Ownership: Foreigner Property Ownership Restrictions ?

Are there any Foreigner Property Ownership Restrictions in Canada?

Majority of Provinces have no restrictions on foreigner property ownership in Canada, including BC, Ontario, Quebec, Nova Scotia, Newfoundland and New Brunswick.

Two examples of restrictions:
1/  In Saskatchewan, foreigners may not own land over 10 acres.

2/  In Alberta, foreigners may only own up to 2 pieces of land not exceeding 20 acres in total.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.