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Global Trade Alert

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Canada: Prohibition on the Purchase of Residential Property by Non-Canadians Act

Description

On 23 June 2022, the Prohibition on the Purchase of Residential Property by Non-Canadians Act received Royal Assent. The Act forbids the purchase of residential property in Canada by non-Canadian nati...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

01 Jan 2023

Revocation date

01 Jan 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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