Answer No. 1
It is easy for a foreigner to invest in real estate of Canada. The increase in the population of British is responsible for choosing Canada as their second home. The foreigner needs to look for the location which is popular. The foreigner requires determining his needs. As it helps in perfect selection of real estate. Real Estate mortgage rates are increasing day by day. Eastern part of Canada is cheaper. The residential prices are generally low. But there has been rapid growth in the prices.Thus, it’s a good place for investment.The mortgage calculator will help you to know the exact rates of the real estate mortgage in Canada. This is also an important factor in deciding on the investment in real estate.
Answer No. 2
There has been imposition of property transfer tax on the investment of the foreigner which are soaring their investment. The introduction of new tax shall be applicable to the buyers who are neither residents nor Canadian citizens. Foreign buyers include the foreign workers and some students who are coming for their education in abroad. Such tax does not allow the foreigners to invest in Canada. But the tax can be circumvented by making the Canadian resident to purchase the house on behalf of a foreign resident. Thus, it is difficult for a foreigner to invest in real estate of Canada.
Answer No. 3
According to the calculations, the Canadian government is of the opinion that many foreigners have purchased the house through local residents. Certain rules have been introduced to prevent the foreigners from bending the rules of Canada. Canada is known for its beautiful scenery. There are various regions in Canada. A foreigner needs to select from them. In thecase of amountainous region, the property is normally expensive. It is out of reach of most of the purchasers. Resorts are another important part of Canada. A Wider range of buyers are attracted towards it.