Buying Property in Canada -- legislation regarding ownership of foreign firms

[Ireland man]

Hi, first time poster so im not sure if im posting this in the correct section or not.

Anyway im a student currently investigating the property market in Canada and more specifically Vancouver.

It’s probably a long shot but i was wondering if anyone could help me on the subject / could point me in the direction of a government website that would explain how a foreign (UK) company would go about investing in property in Vancouver, as im finding it hard to locate.

Basically i need to find things on how the Canadian planning system works, who is involved, legislation regarding ownership of firms and property etc.

Thanks. Any feedback appreciated.

[AFFA]

I wish to inform you that a Foreigner can buy property in British Columbia. In this regard certain states put restriction in foreigner buying property but in British Columbia there is no such restriction and you may buy property. You may have an agent or you may personally execute all the sale contract and have property registered in name of your company.

AFF

[Friend In Court]

Originally Posted by Ireland man Hi, first time poster so im not sure if im posting this in the correct section or not. Anyway im a student currently investigating the property market in Canada and more specifically Vancouver. It’s probably a long shot but i was wondering if anyone could help me on the subject / could point me in the direction of a government website that would explain how a foreign (UK) company would go about investing in property in Vancouver, as im finding it hard to locate. Basically i need to find things on how the Canadian planning system works, who is involved, legislation regarding ownership of firms and property etc. Thanks. Any feedback appreciated.

There is no restriction on non Canadian nationals acquiring property in British Columbia. Your other questions about planning, etc. are indigenous to the area in which you plan to invest. Contacting a Vancouver real estate firm, once you have located the area in which you plan to buy should answer all your questions.

[realtypin]

Hello!
To buy property in Canada is very easy. If you plan to live in Canada for 6 months or less each year, the government considers you a non resident means you can open a bank account and purchase a property. But if you plan to live more than 6 month per year, you have to apply for immigration status.