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I think foreigners can buy real estate (land, houses, condos) in Canada pretty easy. How does it have to correlate with their immigration status? How long a person who bought property in Canada is allowed to stay in Canada?
I think foreigners can buy real estate (land, houses, condos) in Canada pretty easy. How does it have to correlate with their immigration status? How long a person who bought property in Canada is allowed to stay in Canada?
Each province has different rules regarding this. I know until very recently Saskatchewan wouldn't allow land sales beyond a certain size to non-Canadians. I have heard as well that in PEI land sales along the shoreline are restricted to Canadian citizens.
"Prices for waterfront property in Nova Scotia have been inflated in some small areas, but in most cases oceanfront and lakeside lots remain affordable for local buyers and a bargain for foreign investors. Germans and Americans quantify the majority of foreigners buying up real estate in Nova Scotia."
Real Estate in Nova Scotia (http://www.aco.ca/featurepages/ns_realestate/index.html - broken link)
And apparently no restrictions on the amount of property you buy in Canada:
"There are a few things to keep in mind when investing in property in Canada by foreigners. Firstly, there are no restrictions or limitations of the amount of property you may buy. "
Owning property in Canada does not change your immigration status or allow you to stay longer than a person of the same immigration status who is not a property owner.
In other words, merely buying a condo isn't going to allow you to suddenly stay as long as you wish.
Each province has different rules regarding this. I know until very recently Saskatchewan wouldn't allow land sales beyond a certain size to non-Canadians. I have heard as well that in PEI land sales along the shoreline are restricted to Canadian citizens.
Used to be off-limits to non-Islanders as well I believe, but that was changed a few years ago.
"Prices for waterfront property in Nova Scotia have been inflated in some small areas, but in most cases oceanfront and lakeside lots remain affordable for local buyers and a bargain for foreign investors. Germans and Americans quantify the majority of foreigners buying up real estate in Nova Scotia."
Real Estate in Nova Scotia (http://www.aco.ca/featurepages/ns_realestate/index.html - broken link)
And apparently no restrictions on the amount of property you buy in Canada:
"There are a few things to keep in mind when investing in property in Canada by foreigners. Firstly, there are no restrictions or limitations of the amount of property you may buy. "
This link only explains the situation in Nova Scotia, not for all of Canada... Real Estate and Land Controls in Canada are controlled by the provinces, not the feds.
Owning property in Canada does not change your immigration status or allow you to stay longer than a person of the same immigration status who is not a property owner.
In other words, merely buying a condo isn't going to allow you to suddenly stay as long as you wish.
Well, if I wanted to advertise real estate to foreigners, this won't be a nice and fuzzy thing for them to hear. Someone drops a couple of millions on a house and is gently taken by the elbows out of the country.
Not saying someone should be jumping the lines, just saying it doesn't seem to work together somehow.
as foreigner, can we buy agri land or developland to do agri business? if then shall we stay therew during summer and cultivate it and coem back to UK in winder. is it on canadian immigartion LAW?
could you please kinldy some one or immigration office explain me please.
I like to buy agri land or delelopment land to convert into agri land ( weet, corn, soya), if then I like to employe some one or few people to cultivate those .
as foreigner, can we buy agri land or developland to do agri business? if then shall we stay therew during summer and cultivate it and coem back to UK in winder. is it on canadian immigartion LAW?
could you please kinldy some one or immigration office explain me please.
I like to buy agri land or delelopment land to convert into agri land ( weet, corn, soya), if then I like to employe some one or few people to cultivate those .
If you enter Canada as a visitor, then you are not legally permitted to work. This would include starting your own business.
See Citizenship and Immigration Canada's web site for business class immigration.
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