Guides on Buying Real Estate in Canada
Frequently asked questions about real estate for sale in Canada
What are the real estate prices in Canada?
5 thousand Canadian dollars (about 3600 US dollars). The cost of property for sale in Canada is greatly influenced by the location and type of property.
In which cities do people buy real estate most often?
Ottawa, Vancouver, Toronto, Manitoba, as well as the provinces of Ontario and Quebec are popular. Property prices in Canada in these regions are increasing every year.
What is included in the package of documents required to buy real estate in Canada?
Those wishing to buy a home in Canada must prepare:
- passport;
- bank account statement;
- contract of sale;
- assessment by an independent expert;
- documents confirming the status of the property and the absence of mortgages or other debts on it.
Are foreigners allowed to purchase housing?
According to the law adopted in June 2022, foreign citizens cannot freely buy real estate in Canada, unless they:
- are students;
- have a work permit;
- buy a residential property for the purpose of development (this also applies to companies controlled by foreigners).
