• There are no restrictions for a non-resident to purchase real estate in Canada, nor are there tax implications or extra fees payable at time of purchase.
  • A non-resident may purchase as many properties as they wish in Canada.
  • Rental properties: Non-residents must file a Canadian tax return each year and declare rental income.


  • Non-resident borrowers we are generally required tp provide a minimum of 35% - 50% down payment.
  • Qulifying for the mortgage financing is probably no more rigorous than what borrowers in other countries are accustomed to. The borrowers will be interviewed via phone, fax and/or email to gather personal information including assets/liabilities, employment and/or income information. Each borrower's application will be considered on a case by case basis.
  • The mortgage approval may take approximately 24 to 48 hours after application and documentation have been submitted to the lender.
  • Documentation generally required includes: Income verification, tax returns, credit bureau or banker's report (letter from their own bank stating that all accounts are in good standing to date), down payment confirmation via bank statements, copy of 2 pieces of identification and real estate appraisal.
  • The borrower will need to open a Canadian bank account for debiting of mortgage payments.
  • The borrower will require the services of a Canadian lawyer or notary public to prepare the mortgage documents and registration at the Land Titles office. It is best if the borrower is available in Canada to sign mortgage documents at the time of completion. In the event the documents need to be couriered outside of Canada for signing, this will need to be arranged with the lawyer and lender well in advance of completion date.


    • Whenever a non-resident sells Canadian real estate, the non-resident is required to pay the appropriate amount of taxes on any gain.
    • This certificate may be applied for in advance of the completion date by the vendor, but not until there has been a contract of purchase and sale with all subjects removed. The wait for the certificate is usually 6-8 weeks. If the certifcate is not obtained, the purchaser is required to hold back from the sale proceeds a percentage of the selling price (usually 25% -50%)

The above information is not legal or intended to be legal advice

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