Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Regulations

On March 27, 2023, new amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Regulation came into force (the “Amendments”). These Amendments were announced by the Minister of Housing and Diversity and Inclusion and follow the much-discussed Prohibition Act and Regulations of the same name that took effect on January 1, 2023.

One of the ostensible goals of the Amendments is to narrow the scope of the Act so that it has less of an impact on foreign buyers in the commercial sphere. Of course, the title of the Act makes it clear that […]