Canada's Foreign Buyer Ban

Canada's Foreign Buyer Ban

The foreign buyer ban started on January 1st, 2023 and will be in effect for two years. This is what we know about it so far:

Non-Canadians will be banned from purchasing residential property, however, there are exceptions:

  • Some temporary residents studying in Canada
  • Some temporary residents working in Canada
  • Specifically exempted foreign nationals
  • Refugees
  • Refugee claimants and individuals fleeing international crises
  • Non-Canadian spouses and common law partners
  • Section 35 rights - Indigenous people and communities
  • Exceptions for certain types of property - CMAs (Census metropolitan areas) and CAs (Census agglomerations)

These exceptions are subject to varying conditions.

What is residential property defined as?

  • Detached house or similar building
  • Semi-detached houses
  • Rowhouse unit
  • Residential condominium unit or other similar premises
  • Unit or premises and that is reasonably necessary for its use and enjoyment as a place of residence for individuals
  • Any prescribed real property or immovable
What happens if you violate this Act?
Non-Canadians who violate the ban can be fined up to $10,000 and may be required to sell the property they purchased. Those who knowingly assist a non-Canadian with their purchase can also be fined.

For more details and specifics of exemptions and residential property, visit:


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