{"id":34081,"date":"2023-03-29T11:00:58","date_gmt":"2023-03-29T11:00:58","guid":{"rendered":"https:\/\/yanicksarrazin.com\/?p=34081"},"modified":"2024-08-07T18:08:42","modified_gmt":"2024-08-07T18:08:42","slug":"prohibition-on-the-purchase-of-residential-property-by-non-canadians-act","status":"publish","type":"post","link":"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/prohibition-on-the-purchase-of-residential-property-by-non-canadians-act\/","title":{"rendered":"Prohibition on the Purchase of Residential Property by Non-Canadians Act"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"34081\" class=\"elementor elementor-34081 elementor-33729\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2092658 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2092658\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8aa6e71 stretch-to-none\" data-id=\"8aa6e71\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a977dc elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"3a977dc\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tProhibition on the Purchase of Residential Property by Non-Canadians Act\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__3a977dc\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__3a977dc\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__3a977dc\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14bbaa6 elementor-widget elementor-widget-spacer\" data-id=\"14bbaa6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-57c2a83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"57c2a83\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6635b99 stretch-to-none\" data-id=\"6635b99\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d08df3 elementor-widget elementor-widget-spacer\" data-id=\"8d08df3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32448e6 elementor-widget elementor-widget-text-editor\" data-id=\"32448e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Government of Quebec outlined many housing measures in its last budget. These measures included the introduction of <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/end-of-double-agency-bill-5\/\">Bill 5<\/a>, which <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/end-of-double-agency-bill-5\/\">prohibits the dual agency of a real estate broker<\/a>. This new law was introduced on June 10, 2022. But it was only a few weeks later, on June 23, 2022, that the bill entitled <a href=\"https:\/\/www.cmhc-schl.gc.ca\/en\/media-newsroom\/notices\/2022\/thoughts-ban-non-canadians-buying-real-estate\">the Prohibition on the Purchase of Residential Buildings by Non-Canadians Act<\/a> was introduced this time by the federal government. This latest real estate law will come into force on <a href=\"https:\/\/www.cnq.org\/loi-sur-linterdiction-dachat-dimmeubles-residentiels-par-des-non-canadiens\/#:~:text=des%20non%2DCanadiens-,Loi%20sur%20l'interdiction%20d'achat%20d'immeubles,r%C3%A9sidentiels%20par%20des%20non%2DCanadiens&amp;text=sanctionn%C3%A9e%20le%2023%20juin%202022,r%C3%A8glement%20d'application%20%C3%A0%20venir.\">January 1, 2023<\/a> and is already causing many questions. Here is some information that we hope will help you better understand this new legislation and its impact on the real estate community.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f71a793 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f71a793\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c4a8c6c stretch-to-none\" data-id=\"c4a8c6c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af4ad76 elementor-widget elementor-widget-heading\" data-id=\"af4ad76\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-small\">\nWhy introduce a Prohibition on the Purchase of Residential Properties by Non-Canadians Act?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-be24b66 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be24b66\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3d33810 stretch-to-none\" data-id=\"3d33810\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15fc7c0 elementor-widget elementor-widget-spacer\" data-id=\"15fc7c0\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b89da11 elementor-widget elementor-widget-text-editor\" data-id=\"b89da11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This legislation was designed by the federal government to reduce inflation and stabilize the housing market following the pandemic. With the introduction of this law, a more precise framework and regulations on the role of foreign investors will be highlighted. That way, there could be better control over foreign investment and also to facilitate access to properties for Canadians.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ca6a53 elementor-widget elementor-widget-heading\" data-id=\"0ca6a53\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is this new law?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7603e59 elementor-widget elementor-widget-text-editor\" data-id=\"7603e59\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This new law, known as temporary, prohibits <a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/p-25.2\/page-1.html\">non-Canadians<\/a> (foreigners and non-Canadian businesses) from acquiring residential properties in Canada for two years, until December 31, 2024. Direct or indirect purchases (through corporations, trusts or others) are prohibited.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-439168c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"439168c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-99aeffa stretch-to-none\" data-id=\"99aeffa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bdc42e9 elementor-widget elementor-widget-heading\" data-id=\"bdc42e9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">To whom does the prohibition on the purchase of residential buildings apply?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5dc7bb9 elementor-widget elementor-widget-spacer\" data-id=\"5dc7bb9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d9b36f6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d9b36f6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eaaf7ea stretch-to-none\" data-id=\"eaaf7ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-80a7286 elementor-widget elementor-widget-text-editor\" data-id=\"80a7286\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This prohibition applies to <a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/p-25.2\/page-1.html\">non-Canadians<\/a>. Canadian citizens are therefore not subject to this prohibition.\u00a0 A non-Canadian is defined as an individual other than a Canadian citizen. This<\/span><span style=\"font-weight: 400;\">\u00a0also includes publicly traded companies and entities that are not subject to federal and provincial laws and controlled by a non-Canadian.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e8a352 elementor-widget elementor-widget-heading\" data-id=\"7e8a352\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who could be exempted from this prohibition on the purchase of residential properties by non-Canadians?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16d5803 elementor-widget elementor-widget-text-editor\" data-id=\"16d5803\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">&#8211; Canadian citizens<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; Permanent residents\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; Foreign students who are going to obtain permanent residence: the latter must meet the following criteria: during the 5 years preceding the purchase, the buyer must have filed his tax returns in accordance with the <a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/i-3.3\/\">Income Tax Act<\/a>. During this same period, he must have been present on Canadian soil for a minimum of 244 days. In addition, the coveted property must not exceed $500,000.<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; Persons holding a work permit must meet the following criteria: their work permit must be valid for 183 days or more from the date of purchase. In addition, they must not have purchased more than one residential building. <\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; A non-Canadian purchasing a property with their Canadian spouse\/common-law partner<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; People fleeing an international crisis<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b15aaf elementor-widget elementor-widget-heading\" data-id=\"5b15aaf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What types of residential buildings are covered by this act?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-495c4cc elementor-widget elementor-widget-text-editor\" data-id=\"495c4cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">&#8211; Individual houses<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; Semi-detached houses<\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; Condominiums <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/divided-and-undivided-co-ownership-how-to-differentiate-them\/\">(divided and undivided)<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; The <a href=\"https:\/\/yanicksarrazin.com\/immobilier\/information-immobiliere\/la-conversion-dun-plex-duplex-ou-dun-triplex-en-cottage-un-projet-qui-gagne-en-popularite\/\">duplexes<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; The <a href=\"https:\/\/yanicksarrazin.com\/immobilier\/information-immobiliere\/la-conversion-dun-plex-duplex-ou-dun-triplex-en-cottage-un-projet-qui-gagne-en-popularite\/\">triplex<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">&#8211; Other similar properties<\/span><\/p><p><span style=\"font-weight: 400;\">These residences are primary residences. Secondary residences, as well as vacant land zoned for residential or mixed use, would be excluded from this prohibition. Non-Canadians could then purchase the land and use it for any purpose, such as residential development. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53c36f1 elementor-widget elementor-widget-heading\" data-id=\"53c36f1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the penalties if the Prohibition on the Purchase of Residential Properties by Non-Canadians Act is not complied with?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-621ad0e elementor-widget elementor-widget-text-editor\" data-id=\"621ad0e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Significant penalties may apply if a non-Canadian acquires a residential property in Canada. The same applies to any person who advises and provides assistance to that person. These individuals will be convicted and <a href=\"https:\/\/www.cmhc-schl.gc.ca\/fr\/salle-de-presse\/notices\/2022\/votre-avis-sur-linterdiction-aux-non-canadiens-dacheter-des-biens-immobiliers\">will face costly fines of up to $10,000.\u00a0<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">In the event that a person is convicted, an <a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/p-25.2\/page-1.html\">order to sell the property<\/a> may also be sought. In this case, the sale price of the illegally purchased property could not exceed the purchase price of the property. Therefore, no monetary benefit could be obtained.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de46d6a elementor-widget elementor-widget-heading\" data-id=\"de46d6a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the real estate broker\u2019s role in enforcing the prohibition against a non-Canadian purchasing a residential property?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b39fad1 elementor-widget elementor-widget-text-editor\" data-id=\"b39fad1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/montreal-real-estate-broker\/why-deal-with-a-broker-for-a-real-estate-purchase-in-montreal\/\">The real estate<\/a> broker must have a perfect knowledge of this new law and will have the role of transmitting all information about it to his clients (Canadians and non-Canadians). A brokerage practice based on transparency will be all the more necessary.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/montreal-real-estate-broker\/why-deal-with-a-broker-for-a-real-estate-purchase-in-montreal\/\">The real estate broker<\/a> will also have the role of acting with integrity because, as mentioned above, any assistance given to a non-Canadian regarding the purchase of a residential property may be sanctioned. It is then important for the real estate broker to understand all the particularities of this law in order to always act with honesty and morality.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">There are a lot of conversations about <a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/p-25.2\/page-1.html\">the prohibition on the purchase of residential properties by non-Canadians Act.<\/a> On January 31, 2023, a Superior Court judgment was issued. It mentioned that this law would not apply to non-Canadians whose offers to purchase were accepted before January 1, 2023. Clarifications were then made on the matter. Although a certain amount of information on this law has been revealed, other questions remain. The law will not be enforced until January 1, 2023. The government will still have to clarify the issue of exceptions for the types of residential properties and other specific situations that would not be part of the prohibition. Clarifications will be made in the coming months.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-539a1a4 elementor-widget elementor-widget-heading\" data-id=\"539a1a4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Synopsis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e014b6 elementor-widget elementor-widget-text-editor\" data-id=\"9e014b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/p-25.2\/page-1.html\">The Prohibition on the Purchase of Residential Real Property by Non-Canadians Act<\/a> was passed on June 23 and will come into force on January 1, 2023. This new law prohibits non-Canadians from acquiring a residential property in Canada for two years. In addition to Canadian citizens who are not covered by this act, the main people who could be exempted from this prohibition on the purchase of residential properties are permanent residents, those in the process of becoming permanent residents and those with work permits. The residential buildings concerned in this law refer to single and semi-detached houses, condominium dwellings <a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/divided-and-undivided-co-ownership-how-to-differentiate-them\/\">(divided and undivided)<\/a> and buildings of one to three units (duplex and triplex). The penalties are severe if a non-Canadian purchases a residential property in Canada. It is the same for the person who will help him. Being found guilty and having to pay a fine of up to $10,000 are among the main consequences of this offense. With the arrival of this new law, it is important that <a href=\"https:\/\/yanicksarrazin.com\/en\/montreal-real-estate-broker\/\">real estate brokers<\/a> are familiar with the specifics of this new change in real estate and pass this information on to their current and potential clients. Integrity and compliance with the law are also important to ensure a transparent brokerage practice. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40790d0 elementor-widget elementor-widget-spacer\" data-id=\"40790d0\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9afd57a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9afd57a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4c2c61 stretch-to-none\" data-id=\"a4c2c61\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d1f16f elementor-widget elementor-widget-menu-anchor\" data-id=\"3d1f16f\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"contact\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-616007b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"616007b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1989954 elementor-widget elementor-widget-heading\" data-id=\"1989954\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Questions about this new law? Contact one of our real estate brokers to find out more<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63fb0dc elementor-widget elementor-widget-spacer\" data-id=\"63fb0dc\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1159225 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1159225\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3431af6 stretch-to-none\" data-id=\"3431af6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46b5b2c elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"46b5b2c\" data-element_type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;100&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Nouveau formulaire\" aria-label=\"Nouveau formulaire\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"34081\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"46b5b2c\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"Prohibition on the Purchase of Residential Property by Non-Canadians Act - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"34081\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-name elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-name\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tName\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[name]\" id=\"form-field-name\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Name\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tCourriel\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-sm  elementor-field-textual\" placeholder=\"Courriel\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-textarea elementor-field-group elementor-column elementor-field-group-message elementor-col-100\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-message\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tMessage\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t<textarea class=\"elementor-field-textual elementor-field  elementor-size-sm\" name=\"form_fields[message]\" id=\"form-field-message\" rows=\"4\" placeholder=\"Message\"><\/textarea>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Send<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b67c5d elementor-widget elementor-widget-spacer\" data-id=\"0b67c5d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e346367 elementor-widget elementor-widget-spacer\" data-id=\"e346367\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1382ed8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1382ed8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-506672f stretch-to-none\" data-id=\"506672f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2ae563a elementor-widget elementor-widget-heading\" data-id=\"2ae563a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Consult other real estate news<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7de5a2f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7de5a2f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7f86a7f stretch-to-none\" data-id=\"7f86a7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76aa056 elementor-widget elementor-widget-spacer\" data-id=\"76aa056\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0019dce elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-card-shadow-yes elementor-posts__hover-gradient elementor-widget elementor-widget-posts\" data-id=\"0019dce\" data-element_type=\"widget\" data-settings=\"{&quot;cards_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:38,&quot;sizes&quot;:[]},&quot;cards_columns&quot;:&quot;3&quot;,&quot;cards_columns_tablet&quot;:&quot;2&quot;,&quot;cards_columns_mobile&quot;:&quot;1&quot;,&quot;cards_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;cards_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.cards\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-cards elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-19838 post type-post status-publish format-standard has-post-thumbnail hentry category-buyer-information category-real-estate-news category-seller-information tag-courtier-immobilier-en tag-immobilier-en tag-information-acheteur-montreal-en tag-information-acheteur-montreal tag-location-en tag-propriete-en tag-real-estate tag-real-estate-montreal tag-real-estate-news\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/how-much-do-you-need-for-a-down-payment\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-300x169.png\" class=\"attachment-medium size-medium wp-image-60986\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-300x169.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-1024x576.png 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-768x432.png 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-1536x864.png 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-2048x1152.png 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/29-600x338.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Buyer Information<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h1 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/how-much-do-you-need-for-a-down-payment\/\" >\n\t\t\t\tHow much do you need for a down payment?\t\t\t<\/a>\n\t\t<\/h1>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Buying a property is an investment involving different stages. An essential step in this process is to finance the property that you want to buy:<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/real-estate-news\/how-much-do-you-need-for-a-down-payment\/\" aria-label=\"Read more about How much do you need for a down payment?\" tabindex=\"-1\" >\n\t\t\tLire la suite \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t13 May 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-38953 post type-post status-publish format-standard has-post-thumbnail hentry category-buyer-information category-montreal-en category-news category-properties-for-rent category-real-estate-news category-real-estate-news-buyer-information tag-buyer-information tag-landlord tag-lease-renewal tag-lease-rollover tag-location-en tag-owner tag-real-estate-informations tag-real-estate-news tag-rent-setting tag-renter tag-renter-information tag-repossession-of-dwelling tag-residential-lease tag-right-to-maintain-the-premises tag-tribunal-administratif-du-logement-en\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/lease-renewal-what-you-need-to-know\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-300x169.png\" class=\"attachment-medium size-medium wp-image-60950\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-300x169.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-1024x576.png 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-768x432.png 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-1536x864.png 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-2048x1152.png 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/47-600x338.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">Buyer Information<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h1 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/lease-renewal-what-you-need-to-know\/\" >\n\t\t\t\tLease renewal : what you need to know\t\t\t<\/a>\n\t\t<\/h1>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Lease renewal : the important points As the deadline for lease renewal approaches, it is appropriate to point out a few details of the law<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/lease-renewal-what-you-need-to-know\/\" aria-label=\"Read more about Lease renewal : what you need to know\" tabindex=\"-1\" >\n\t\t\tLire la suite \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t31 March 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-34081 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-real-estate-news-buyer-information tag-buyer-information-montreal tag-courtier-immobilier-en tag-information-acheteur-montreal-en tag-montreal-en tag-real-estate tag-real-estate-montreal tag-real-estate-news\" role=\"listitem\">\n\t\t\t<div class=\"elementor-post__card\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/prohibition-on-the-purchase-of-residential-property-by-non-canadians-act\/\" tabindex=\"-1\" ><div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-300x169.png\" class=\"attachment-medium size-medium wp-image-60960\" alt=\"\" srcset=\"https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-300x169.png 300w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-1024x576.png 1024w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-768x432.png 768w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-1536x864.png 1536w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-2048x1152.png 2048w, https:\/\/yanicksarrazin.com\/wp-content\/uploads\/2022\/08\/68-600x338.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><\/a>\n\t\t\t\t<div class=\"elementor-post__badge\">News<\/div>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h1 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/prohibition-on-the-purchase-of-residential-property-by-non-canadians-act\/\" >\n\t\t\t\tProhibition on the Purchase of Residential Property by Non-Canadians Act\t\t\t<\/a>\n\t\t<\/h1>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Prohibition on the Purchase of Residential Property by Non-Canadians Act The Government of Quebec outlined many housing measures in its last budget. These measures included<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/news\/prohibition-on-the-purchase-of-residential-property-by-non-canadians-act\/\" aria-label=\"Read more about Prohibition on the Purchase of Residential Property by Non-Canadians Act\" tabindex=\"-1\" >\n\t\t\tLire la suite \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t29 March 2023\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Prohibition on the Purchase of Residential Property by Non-Canadians Act The Government of Quebec outlined many housing measures in its last budget. These measures included the introduction of Bill 5, which prohibits the dual agency of a real estate broker. This new law was introduced on June 10, 2022. But it was only a few [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":60960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[462,641],"tags":[802,926,928,549,18,542,547],"class_list":["post-34081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate-news-buyer-information","tag-buyer-information-montreal","tag-courtier-immobilier-en","tag-information-acheteur-montreal-en","tag-montreal-en","tag-real-estate","tag-real-estate-montreal","tag-real-estate-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prohibition on the Purchase of Residential Property by Non-Canadians Act - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin<\/title>\n<meta name=\"description\" content=\"This new law prohibits non-Canadians from acquiring a residential property in Canada until December 31st 2024. 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