There are currently no restrictions or regulations which restrict foreign investors from purchasing property in Montreal, Canada.
- There can be additional taxation implications for owners of foreign property in Montreal, Canada.
- Upon the act of sale of an asset, there can be add obligations for foreign investors. Sometimes taxable gains can be paid in the owners country of residency depending on the tax treaty between the two countries.
- There are currently no limits on the number of assets or the total value of assets owned in Canada by foreign investors.
Regulation does require that identification is verified before any real estate transaction can take place. This can be done with any two of the following forms of identification.
- Valid passport, local driver’s license, birth certificate, letter from local banking intuition, recent bank statement or other form of State ID with picture.