{"id":16434,"date":"2025-12-02T10:39:54","date_gmt":"2025-12-02T10:39:54","guid":{"rendered":"https:\/\/tst.wordpress.realogydev.com\/cartus\/uncategorized\/two-more-years-navigating-the-canadian-residential-home-purchase-prohibition\/"},"modified":"2025-12-02T10:39:54","modified_gmt":"2025-12-02T10:39:54","slug":"two-more-years-navigating-the-canadian-residential-home-purchase-prohibition","status":"publish","type":"post","link":"https:\/\/tst.wordpress.realogydev.com\/cartus\/insights\/blog\/two-more-years-navigating-the-canadian-residential-home-purchase-prohibition\/","title":{"rendered":"the canadian prohibition on the purchase of residential property"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":26,"featured_media":16435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"footnotes":""},"categories":[23,52],"tags":[119,215,164],"class_list":["post-16434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-country-information","tag-canada","tag-real-estate","tag-real-estate-trends"],"acf":{"blog_type":"Long Blog","category_type":"blogs","dont_display_published_date_in_blog_landing_tile":false,"hero_image":16436,"story_section_topic":"","story_section_description":"","rich_text_content1":"The Canadian real estate market has been a hot topic in recent years, with soaring housing prices and a surge in demand. To address these challenges, the Canadian government enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act.<\/strong> Let\u2019s dive into the key details and implications of this legislation on the mobility industry.\n\n","rich_text_content2":"

what is the prohibition on the purchase of residential property by non-canadians act?<\/h2>In an effort to slow the rising cost of housing in Canada, the Canadian federal government passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act<\/a>, effective January 1, 2023. This act bans non-Canadians from buying residential property.\n\nA \u201cnon-Canadian\u201d includes companies not incorporated under Canadian federal or provincial laws. It also includes companies incorporated under Canadian law if they are not listed on a Canadian stock exchange and are controlled by a company incorporated outside Canada (such as a US company).\n\nThis act was scheduled to expire at the end of 2024, but the Canadian government is looking to extend it for an additional two years until January 1, 2027.\n\n","title":"","sub_title":"","sub_text":"","display_primary_cta":true,"label_for_primary_cta":"","download_pdf_or_link":false,"download_pdf":null,"download_link":"","primary_video_or_image":false,"primary_image":16437,"primary_video":{"video_title":"","video_type":"youtube","video_id":""},"rich_text_content3":"

what does this mean for global mobility?<\/h2>Relocation management companies deemed to be non-Canadian have not been able to acquire residential properties in Canada since January 1, 2023, with a few exceptions discussed below. Consequently, companies like Cartus are not able to provide Guaranteed Buyout Offer programs in Canada to most clients. Instead, home sale assistance in Canada is generally limited to Direct Reimbursement, which ensures that closing costs remain non-taxable for Canadian residents.\n\n

exceptions to the rule<\/h2>The ban does not apply to residential property located outside of a Census Metropolitan Area (CMA) or Census Agglomeration (CA). That means that foreign individuals, including relocation management companies, are allowed to purchase these \u201cexcluded residential properties.\u201d\n\nThe ban also does not apply to clients who qualify under the Act as a Canadian entity.\n\n

meeting the prohibition challenges<\/h2>Our passion for providing the highest-quality services to our clients and their relocating employees means that we will do our utmost to serve them. In this instance, we needed to adopt a different approach to the traditional timelines and services we offer to the majority of our clients. We are leaning into our network of supplier partners to develop and dispense alternative service options that comply with the prohibition while prioritizing assignee needs and cost efficiency.\n\nThese include:\n\n