what happens to property which you buy as a PR and then you are not able to

[sushid0c]

hello everybody.

I have this question. Suppose one buys property even if it is a small one and then due to some reason the PR residency obligations are not fulfilled. In such a case the property is still yours even when you lose your PR??? Or do they have mechanisms of forfeiting that property.

please give your opinion

 

[PMM]

Hi

hello everybody.

I have this question. Suppose one buys property even if it is a small one and then due to some reason the PR residency obligations are not fulfilled. In such a case the property is still yours even when you lose your PR??? Or do they have mechanisms of forfeiting that property.

please give your opinion

Nope, it is still yours.

PMM

 

[Mary2009]

But the concern would be... what does the "property" worth to you
if you can't even access Canada?

its strange situation to leave you owning something in a country
but unable to "enjoy" it...

But then if they allow an exception because of owning a property,
many will misuse this by purchasing a property just for the sake of maintaining PR status.

Mary

 

[PMM]

Hi

But the concern would be... what does the "property" worth to you
if you can't even access Canada?

its strange situation to leave you owning something in a country
but unable to "enjoy" it...

But then if they allow an exception because of owning a property,
many will misuse this by purchasing a property just for the sake of maintaining PR status.

Mary

Owning property in Canada, won't maintain your PR status.

PMM

 

[sushid0c]

thanks.