In order for international students to qualify for an exemption, they must have filed income tax returns for five years before a purchase is made and be physically in Canada for at least 244 days in each of those years. The purchase price for a property also can't exceed $500,000.
"The thing is, it doesn't make sense," Aragao said. "So I came here, I studied for two years in a public institution and there's no way I could have been filing for five years.” continue to be major roadblocks for anyone looking to buy a home in Canada, with prices rising during much of the COVID-19 pandemic before falling slightly as interest rates have risen.found foreign buyers owned a small percentage of all residential properties in cities such as Toronto and Vancouver., wrote recently that non-residents, according to data from the Canadian Housing Statistics Program, only owned about two to six per cent of residential properties in 2020.
The British Columbia Real Estate Association in November 2022 said it was concerned that the policy will "create obstacles for homeownership for newcomers and can interfere with Canada's ability to attract immigrants."— 431,645 — in 2022 and plans to bring in 465,000 new permanent residents this year.
The Liberals fooled you again...'The Canadian Housing Statistics Program shows that non-residents only own about two to six per cent of Canadian residential properties in 2020.'.. you can thank this guy
We don't need workers we need elonmusk to hurry up with his slaves I mean robotic assistants
If that’s the case, completely ineffective as a huge portion of some purchases in large cities such as Toronto and Vancouver are already by foreign buyers for students. These exemptions will help the friends of government.
Its too open...
BCREA says even if not living here they contribute to Canada's economy. Nonsense. How does neighbour contribute by buying home he rents out,yards a mess as renters don't upkeep.Previous illegal air b&b with constant police. A Canadian owner will contribute far more than foreign.
Skilled workers on work permits and students are guests. They dont need to buy. NO loopholes ahould be allowed.
Why does an international student need to buy a home?
1st please explain why foreigners are allowed to buy property here to begin with.
Average Canadian family can’t afford to buy home in Canada. It is really scary!
Skilled as in no missing body parts The current elite are not planning any changes, no matter how many complaints are lodged. Taking skilled people from depressed areas increases the hardship the ones left behind face. Is that the real goal?
Hmm…that didn’t last long. Loopholes galore are looming
It renders it useless.