I live abroad (not in Canada) & wish to buy a HOME / Property in Canada...

[Sammyloo]

I wish to buy a HOME in Canada, but I was wondering if I will need a visa / residence first prior to purchasing? If so, what kind of visa and how do I go about in applying for it?

If granted the visa, what would be the validity or would I be required to apply for a visit visa each time I wish to travel to Canada?

Thanks for the support... rgds,

Sammy

 

[scylla]

Yes - you can buy a home in Canada.

Having a home in Canada won't give you access to any special visa. You will still have to apply for a regular visitor visa just like everyone else each time you want to visit.

If you want to make Canada your home, you should apply for permanent residency first. Once you are accepted and have become a PR in Canada you can then buy a home.

 

[sansan]

Which is the best place to stay in Canada, for a Chinese Singaporean....Am still waiting for the PR approval..

 

[steaky]

Which is the best place to stay in Canada, for a Chinese Singaporean....Am still waiting for the PR approval..

Vancouver is closer home....

 

[sansan]

Vancouver is closer home....

which part of Vancouver, and what is the cost of the apartment in that area that you recommend..

 

[steaky]

which part of Vancouver, and what is the cost of the apartment in that area that you recommend..

Check mls.ca for home prices across Canada.

 

[elizabethberger]

Please let me know if you find something useful. Thanks

 

[CommunityREALTOR]

Hi,

Yes, you can buy a property in CANADA. There are many good places to invest.

You have to pay more downpayment and go thru the qualifying process. You must analyse the one time costs,running costs and tax obligations.

 

[newtone]

Which is the best place to stay in Canada, for a Chinese Singaporean....Am still waiting for the PR approval..

Toronto China town

 

[newmanitoban]

Yes - you can buy a home in Canada.

Having a home in Canada won't give you access to any special visa. You will still have to apply for a regular visitor visa just like everyone else each time you want to visit.

If you want to make Canada your home, you should apply for permanent residency first. Once you are accepted and have become a PR in Canada you can then buy a home.

Is that really true ???

 

[amikety]

Is that really true ???

Yes. Foreigners are allowed to buy property, but that property gives you no special privileges to visit or live in Canada. If you require a visa, you will have to apply for one. Owning property will most likely decrease your chance to get a visa too, because it shows ties to Canada (risk of overstay).

If you were to buy investment property in Canada (i.e. to rent out) you should have someone inside Canada to manage the property for you or subcontract to a property management company.