How Can I Buy A Property as a Foreign Buyer in Vancouver BC |BAN EXTENDED!

Federal government extends foreign buyer ban on Canadian homes to 2027

Foreign nationals and companies will be banned from buying residential properties in Canada for an additional two years, the federal finance minister said Sunday, the latest in a raft of measures aimed at addressing housing affordability concerns that have dogged the governing Liberals for months.

Under the ban, which came into effect last year and was set to expire at the beginning of 2025, foreign commercial enterprises and people who are not Canadian citizens or permanent residents are prohibited from purchasing residential property in Canada.

There are some exceptions, including for those with temporary work permits, land, refugee claimants commercial properties and international students who meet certain criteria. Whistler is exempt from the Foreign Buyer Ban click here to search all Whistler Listings that we can help you buy.

Here's what you need to know about the amendments to the Foreign Buyer Ban.

Repealing existing provision so the prohibition doesn’t apply to vacant land.
Repealing section 3(2) of the regulations, so the prohibition does not apply to all lands zoned for residential and mixed use. Vacant land zoned for residential and mixed use can now be purchased by non-Canadians and used for any purpose by the purchaser, including residential development. Contact me to find out where and what you can buy as a Foreign Buyer. READ MORE