November 2022 - Isenberg & Shuman

THE NEW LAW ON PROHIBITING FOREIGN HOME BUYERS-WHAT DOES IT MEAN? Canada’s Parliament recently passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) which prohibits the purchasing of residential real estate by non-residents, directly or indirectly for a two-year period beginning January 1, 2023.  This means that non-citizens, non permanent