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can an american own property in canada

1Answers

DelJayce

11/28/2025, 06:08:08 AM

Americans can buy property in Canada, but the Prohibition on the Purchase of Residential Property by Non-Canadians Act restricts most non-Canadians from acquiring residential real estate until January 1, 2027. Those who qualify for exemptions must meet stricter financing requirements, like a 35% minimum down payment, and may be subject to a Non-Resident Speculation Tax (NRST) in certain provinces.

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