News Bulletin - December 22, 2022

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

Earlier this year, the Government of Canada passed a new law titled the Prohibition on the Purchase of Residential Property by Non-Canadians Act. The Act prevents non-Canadians from buying residential property in Canada for 2 years starting on January 1, 2023.

The Government of Canada has released the following Regulations with new details.

Additional information from the Canada Mortgage and Housing Corporation (CMHC) is available HERE, including definitions and frequently asked questions.

For questions about the Act, please email CMHC's Nadine Leblanc, at This email address is being protected from spambots. You need JavaScript enabled to view it..