Foreigners (non-residents of Canada) are allowed to buy, own, rent, and sell property in Canada without any restrictions under Canadian law. This regulation is comparable to how the United States, the United Kingdom, and Germany handle foreign property ownership.
The homeownership rate in Canada is about 66%. The majority of Canadians who do not own a home rent a leased house, apartment, or suite from a landlord or property organization.
There are various reasons to buy property in Canada, from safety, stability to high return potential on investment.
Safety
Canada is one of the world's safest countries. The political environment is calm, and violent crimes and internal disputes are uncommon in most cities, if not non-existent.
Canada is not just safe, but also one of the world's most peaceful countries. Toronto, Calgary, and Quebec City consistently rank among the world's most livable cities (by World Population Review).
Respect and admiration for each other's diversity, not just tolerance, are at the heart of Canadian culture. And it sends a powerful message to other global leaders, immigrants, and people that mutual respect and courtesy are paramount.
Nature
It is not difficult to locate tranquil landscapes in Canada; each province and city has its own ‘star' hangout spot, whether it be a park, campsite, or historic site.
The point is that you don't need to go hundreds of miles to visit a beautiful lake, camp in the woods, or climb in the mountains. In Canada, there are some leisure and recreational options.
High Quality of Life
In terms of quality of life and social purpose, Canada comes out on top. It is also seen to have a strong jobs market, respect for human rights, and a commitment to social justice. Furthermore, the country ranked first in terms of not being corrupt and protecting property rights.
Rising Home Value
The value of homes in Canada is rapidly increasing, and it is now everyone's ambition to own one before the prices skyrocket. The housing market in Canada continues to rise as a result of a variety of factors including improving economic circumstances, population growth, and migration to large cities. In Canada, owning a property is always a smart investment, especially for those who want to sell it in the future.
Safe Investment
Everyone should consider purchasing a home as a long-term investment. The real estate market is one of the most lucrative investment opportunities in the world, particularly for risk-takers. You can always be certain that you will be exposed to minimal danger, and that your investment will likely grow in value soon.
