In this video, we dive into the frequently asked question: Can you buy property in Canada while on a work permit? We break down the rules and regulations surrounding property ownership for those who are not permanent residents or citizens but are living in Canada temporarily on a work permit. Understanding the benefits and potential drawbacks of buying a home on a work permit is crucial before making this big decision.

Key topics discussed in this video:

Can Work Permit Holders Buy Property in Canada? We'll explain the legalities of purchasing property as a non-resident in Canada and what restrictions or additional taxes may apply.
Is Buying Property Worth It on a Work Permit? We'll weigh the pros and cons, such as the stability of home ownership versus the uncertainties of immigration status and potential for relocation.
Financing Options for Work Permit Holders: Learn about the mortgage process, down payment requirements, and how your immigration status affects your eligibility for loans.
Current Real Estate Market in Canada: We'll provide insights into whether now is a good time to invest in the Canadian housing market, especially for those with temporary status.
What to Consider Before Buying: Important factors to consider, such as long-term plans, housing market trends, and your financial situation.
Buying property in Canada is a significant investment, but if you're on a work permit, there are extra things to consider. In this video, we answer your questions and provide a clear guide on how to navigate the process to help you make an informed decision.

If you’re considering staying long-term in Canada or transitioning to permanent residency, understanding these key points will help you make the best choice for your future.

Contact Information:
Yasir Khan REALTOR®
647-896-6227 or 905-240-6777
RE/MAX IMPACT REALTY BROKERAGE
1413 King St E, Courtice, ON L1E 2J6

Disclaimer:
I am not an immigration consultant, and I am not affiliated with the IRCC (Immigration, Refugees, and Citizenship Canada). The information provided in this video is for general informational purposes only and should not be considered professional or legal advice. Always seek the advice of a qualified immigration consultant or legal professional for specific questions and concerns regarding your immigration status or application. We do not offer paid services or demand any money for the information provided in this video.

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