Login

Canada’s New Foreign Buyer Ban May Alter Toronto’s Commercial Real Estate Market

Zoning in Downtown Toronto Aimed at Preventing Foreign Investment

The Royal Bank Plaza complex in Toronto was purchased last year by a Canadian subsidiary of a foreign buyer, which, if attempted today, could be prohibited by the Purchase of Residential Property by Non-Canadians Act. (Marcus Oleniuk/CoStar)
The Royal Bank Plaza complex in Toronto was purchased last year by a Canadian subsidiary of a foreign buyer, which, if attempted today, could be prohibited by the Purchase of Residential Property by Non-Canadians Act. (Marcus Oleniuk/CoStar)

In 2022, the federal government announced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which imposes a two-year ban on the purchase of residential property by a non-Canadian starting this year.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In