Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations

To enhance the flexibility of newcomers and businesses looking to add to Canada’s housing supply, the Government of Canada is making changes to the Regulations, to expand exceptions to allow Non-Canadians to purchase a residential property in certain circumstances.

These amendments will further allow individuals and families seeking to build a life in Canada by pursuing home ownership in their communities sooner and addressing housing supply issues.

These amendments came into effect on March 27, 2023. Some conditions and restrictions do apply, so it’s important to get in touch to learn more.