Notice of New Federal Legislation Prohibiting the Purchase of Residential Property by Non-Canadians
General Angela Calla 14 Dec
Purpose The purpose of this Advisory is to inform regulated entities of the federal government’s newly enacted Prohibition on the Purchase of Residential Property by Non-Canadians Act (“the Act”), which is set to come into force on January 1, 2023. Overview of Changes The Act prohibits individuals who are not Canadian citizens or permanent residents […]
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