Pre-purchase implications:

1. Additional property transfer tax for foreign entities and taxable trustees
2. Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyers Ban)
3. Anti Flipping Tax rule ( general information only )
4. No age restriction in strata corporations except 55+ (applicable to renters as well)
5. No long term rental restriction in strata corporations (except short term rentals if municipal or strata bylaws prohibit)
6. Home Buyer Rescission Period Regulation

 After purchase implications:

      7. Speculation and Vacancy Tax (provincial) 

      8. Underused Housing Tax (Federal)

If you have any questions, please feel free to give us a call.