Canada is a thriving country in North America. It is a Mecca for all the people who want to immigrate to another country. It has a wide range to offer, it has great outdoors. Fantastic option for career growth and similar for business opportunities. Indeed it is an excellent option live in.
If you are thinking of buying a property in Canada, then you check some options. Like what is an elevation certificate, this may be required in some regions of Canada. It is usually used in some states in the USA. The best way is to hire a real estate consultant who will help regarding the property documents.
Can Other Country Citizen By Property In Canada?
The country has a very customer-friendly policy for a person. Who is thinking of buying a property in Canada but is not a resident of that country. Some of the states a clear set of guidelines that needed to be followed. We have mentioned them here
- If a person does not stay in that country for less than six months then he or she has been considered a non-resident If that person wants to stay for a longer period then they must apply to the Canadian authorities to be an immigrant in that country.
- As stated earlier kindly take proper guidance from a lawyer and real estate agent before buying or taking such a big financial step. So that we should not get stuck in the formalities only. The process should be smooth and transparent. What documents are required by the local government to transfer property to the foreigner’s name, this should be not a tedious process but a smooth one. So that other also get encouraged to buy more properties.
- Also as per the year 2017, the government is going to charge Non-Resident Tax that would be around 15% on the purchase of property in some parts of Canada.
Why Buy In Canada?
Not only this country is gifted with wonderful natural habitat, but a rocky and bumpy coastline. Modern cities with skyscrapers touching the sky. You name it and the country has it. In a survey conducted in the year, 2020 for the quality of life Index Canada has topped the chart. More than twenty thousand people participated in this survey from 73 countries here are some factors they have considered economic stability, jobs, women’s safety, family, and many more. Canada has some cities which have come on the list of most expensive cities in the world. If you love snow then in some parts of Canada there are loads of snow. Here crime rate is very low. Ontario, Oakville, Vancouver, Winnipeg, and Victoria are some of the best places to reside in this country.
Conclusion:
If there is a world war the few countries which would be safe to live in is Canada. From this statement, we get to know how safe is this country. All modern luxuries are available here backed by a very strong government that is ready to safeguard its citizen’s rights.