Can foreigners buy property in Canada right now?

The federal ban on non-Canadian purchases of residential property has been extended in many areas, with exemptions (work-permit holders, some students, recreational property). Verify current rules before planning.

How do Canadian mortgage terms work?

Loans amortize over 25 years but the rate term is typically 5 years — you renew at prevailing rates, so build rate-rise headroom into your budget.

What is land transfer tax?

A provincial tax of roughly 0.5–2.5%; Toronto adds a municipal duplicate. First-time buyers often get rebates.

Which cities offer the best value?

Calgary, Edmonton and Montreal offer materially lower entry prices and better yields than Toronto and Vancouver.

Buying Property in Canada — Complete Guide 2026

Canada pairs a stable banking system with two of North America's most expensive metros — Toronto and Vancouver. Mortgage rates in late 2026 run about 4.25–4.35%, with 5-year fixed terms the national standard.

Crucial for international readers: Canada's prohibition on residential purchases by non-Canadians has been extended in many areas. Always verify the current rules and exemptions before planning a purchase.

Market overview

Canadian fixed mortgages renew every ~5 years rather than running the full amortization, exposing borrowers to rate resets. Land transfer taxes are provincial (plus a municipal layer in Toronto), and additional foreign-buyer/vacancy taxes exist in BC and Ontario. Yields average ~4.6% gross.

Popular locations:

Mortgage rates in Canada (October 2026)

Bank	Rate	Max LTV	Website

Calculate your monthly payment →

True cost of buying & owning

Get your exact numbers with the Hidden Buying Costs and Annual Ownership Costs calculators.

🇨🇦 Buying Property in Canada — Complete Guide 2026

Market overview

Mortgage rates in Canada (October 2026)

True cost of buying & owning

Step-by-step buying process

Find properties in Canada

Frequently asked questions

Related countries