New Rules for Foreign Home Buyers in Canada Now In Force: Here's What You Need to Know

On December 2, 2022, the Privy Council passed an Order in Council confirming regulations related to the Prohibition on the Purchase of Residential Property by Non-Canadians Act the Act. The Prohibition on the Purchase of Residential Property by Non-Canadians Regulations the Regulation was published on December 21, 2022, in the Canada Gazette. The Regulation will come into force on January 1, 2023, along with the Act.

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