Maria Longo - Real estate broker

Non-resident buyers

Buying Property In Canada: Non-Resident

You are not from Canada and wish to purchase an investment property or a for your child who is studying here?

Yes ! it is possible.
Who can buy real estate in Canada?
Canada welcomes home buyers from all countries.
Depending on the financial institution you can purchase a different type of properties Residential, multi-families, Commercial, Industrial, Land etc.
Citizens of Canada who don’t reside in Canada for more than half the year are considered non-residents (and thus subject to all the same rules).
Maria Longo - Real estate broker
Financing Questions for Non-Residents
How do I qualify for a mortgage as a non-resident?
To qualify for a mortgage for a property in Canada, non-residents will generally require:
  • A 35% down payment (not from gifted funds)
  • A reference letter from your bank
  • An employment letter verifying income in Canadian or US dollars
  • Three months bank statements
  • Canadian credit check
In some cases, you may avoid all this by putting 50% of the purchase value
Financing Questions for Non-Residents
Non-residents are eligible for the same interest rates as Canadians, provided they meet the mortgage eligibility criteria. If you live in a country that does not have a tax treaty with Canada, you will only be eligible for a fixed-rate interest rate.
If you don’t meet the eligibility requirements, you may still be able to get financing from other lenders who charge higher interest rates.
We can help you with immigration lawyers, notaries, home inspectors and insurance agents who understand the intricacies of non-resident home purchases or investments.
You will pay the same closing costs as Canadian residents – land transfer taxes and legal fees. Usually 1.5% of purchase value. 

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Contact Info

Montreal, Quebec, CA

+1 (514) 813-7179


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Hi, Maria, can I help you?