๐The Canadian government has extended the Prohibition on the Purchase of Residential Property by Non-Canadians Act until January 1st, 2027, aiming to address housing availability for Canadians. The ban encompasses residential properties within Census Metropolitan Areas and Census Agglomerations. Exceptions include instances of divorce, separation, gifts, and death, along with property development. Non-Canadians with valid work permits can now purchase mixed-use and commercial land, subject to conditions. Violations of the act may lead to criminal charges, fines up to $10,000 CAD, and potential property sale orders. This extension is part of broader efforts to enhance affordable housing, complementing initiatives like the Apartment Construction Loan Program.โ
.
๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ฐ
๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ฐ
๐๐ซ๐ข๐ฆ๐ข๐ง๐๐ฅ ๐๐๐ฐ
๐๐ข๐ฆ๐ฆ๐ข ๐๐ก๐๐๐ค๐จ
๐๐ซ๐ข๐ง๐๐ข๐ฉ๐๐ฅ ๐๐๐ฐ๐ฒ๐๐ซ, ๐๐ก๐๐๐ค๐จ ๐๐๐ฐ
๐ฒ+๐ ๐๐๐-๐๐๐-๐๐๐๐
๐ง๐ฌ๐ข๐ฆ๐ฆ๐ข@๐๐ก๐๐๐ค๐จ๐ฅ๐๐ฐ.๐๐
@chackolaw.ca
.
.
#CanadianHousing #ForeignBuyerBan #HousingRegulations #AffordableHousing #RealEstateCanada #HomeBuyerPolicy #HousingMarketTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews
508 Views