When considering where to purchase your next investment property the two most desirable countries tend to be the United States of America and Canada. Investors are drawn to these countries for a multitude of reasons including stability, a reliable legal system, attractive lending and banking options, just to name a few.
However, in recent years, Canadian authorities have taken measures to reduce the climbing cost of housing, making Canada a less desirable venue for foreign investors. One such measure was passed in 2016 in which authorities levied an additional 15% tax on all homebuyers in metro Vancouver who are not Canadian citizens or permanent residents. This tax measure extends to individual foreign investors and corporation that are not registered in Canada or controlled by non-Canadians.