Recent Changes to the Ontario Non-Resident Speculation Tax (NRST)
What is the Non-Resident Speculation Tax? The Non-Resident Speculation Tax (NRST) is a tax on the purchase or acquisition of an interest in land by individuals who are not Canadian citizens or permanent residents. The tax applies to residential properties, including vacation homes and investment properties. The NRST came into effect
Signed a Purchase Agreement with a Builder? Lawyer Tips
Signed a Purchase Agreement with a Builder? Tips From a Real Estate Lawyer If you are in the market for a new home, you may be considering purchasing from a builder. This can be a great option, but it is important to remember that there are some things you should keep
Foreign Home Buyers Ban & Exemptions
Canada's Two-Year Ban on Foreign Home Buyers and Exemptions “Exemptions For Permanent Residents & International Students.” Despite the fact that Canada has banned home purchases by foreign nationals for a period of two years, permanent residents and international students will still be able to buy houses in Canada. Foreign investors do not