
Did You Know the new Foreign Buyer Ban Does Not Apply to Commercial Properties?
From January 2023 foreign buyers will be prohibited from purchasing homes in Canada subject to exemptions detailed in BCREA's article below. This ban will not apply to commercial property transactions. From BCREA*: "Starting in January 2023, non-Canadians will be banned from buying homes across Canada, through the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This Act prohibits non-citizens and non-permanent residents from purchasing residential pr