can americans own property in canada

[DiStella]

U.S. citizens are allowed to buy property in Canada, though the Prohibition on the Purchase of Residential Property by Non-Canadians Act prevents most non-Canadians from purchasing residential property until January 1, 2027. Eligible buyers must follow tighter financing rules, including a 35% down payment, and may need to pay a Non-Resident Speculation Tax (NRST) in certain provinces.