A foreign national is a non-Canadian citizen or permanent resident who seeks to purchase real estate in Canada. The federal Prohibition on the Purchase of Residential Property by Non-Canadians Act restricts most residential purchases by non-Canadians and is currently in effect until January 1, 2027 — narrow exceptions apply, and the end date can change by regulation. Where a purchase is permitted, foreign nationals typically face higher down-payment requirements, additional lender scrutiny on proof of income and funds, and may be subject to provincial foreign-buyer taxes. Confirm current federal and provincial rules with a Canadian real estate lawyer before acting.
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