More and more foreign nationals are seeking to purchase a second home in Canada either for temporary visits or for the long-term permanent residency hopes.
Usually, there is no problem with a foreign national purchasing property, especially if the individual has no intention of living in Canada for more than 6 months. The only tax consideration that may arise is the amount of capital gains that the individual will have to pay upon disposition or the holdback on rental income.
Read more: Foreign Ownership