Many people may not know this but you can actually own property in Canada without being a Canadian citizen or a permanent resident of the country. This is because any foreign national is allowed to own property in Canada without any restrictions given that they pay all the taxes attached to owning property in the country.
Given the overall lack of knowledge on this topic, we thought it would be useful to put together a short discussion on owning property in Canada. This discussion will include how to visit your property legally and if owning property can lead to permanently immigrating to Canada. If this is something you’re interested in, read on for a brief breakdown of things you need to know about owning property in Canada.
Rights of Foreign Property Owners
You may be surprised to know that owning property in Canada doesn’t automatically allow you to enter the country freely. To put it simply, foreign nationals that don’t possess a work or study permit will enter Canada as a visitor even if they own property in the country.
The same restrictions also apply to property owners as non-property owners, which means that people inadmissible due to criminal charges and other reasons will not be able to enter the country despite owning property. The only way to get around this issue is to apply for a Temporary Resident Permit or criminal rehabilitation.
Visiting Your Property in Canada
As we’ve already stated above, owning property doesn’t automatically give you the right to enter Canada freely. You will have to apply as a visitor and will only be allowed to stay in the country for a set amount of time. How long you’re allowed to stay in Canada is determined by the Canada Border Services Agency. All visitors will get the chance to speak with the Canada Border Services Agency upon entering the country. On average, visitors are usually allowed to stay in the country for around 6 months. It’s important to note that this is still subject to change.
If the Canada Border Services Agency explicitly tells you verbally and through official documents that you have to leave the country earlier, then you must oblige. You may also apply to extend your stay as a visitor without having to leave the country. The only caveat in applying to extend your stay is that you have to do it before the set expiry date. Now, if your application to extend your stay gets rejected you do have other options. Re-entering the country shouldn’t be too difficult as long as you stick to your original arrangements and leave on time.
Relocating to Canada Permanently
If you bought a property in the country because you thought it was an easy way to enter Canada, then you’d be disappointed to know that it carries no significant advantages. Even if you own property, you will need to go through the regular application process. This means that you will have to meet all the eligibility requirements that applicants are subjected to.
We hope this article has shed some light on what it means to own property in Canada as a foreign national. Be sure to keep all of this information if you are considering purchasing property in the country as the things we’ve discussed here will help you make the most informed decision possible.
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