Quote:
Originally Posted by blankall
Quite frankly, I don't think a non-resident should be allowed to buy a property in Canada ever. They certainly don't qualify for a mortgage. I have little sympathy for a non-resident buying a 500k vs. a 5 mil property in cash.
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On that note, do you think a Canadian should be allowed to buy a property in another province and/or country? I don't have any foreign property right now, but one day I'm hoping to buy a vacation property somewhere in the States. I'd be pretty sad if I wasn't allowed to. I'd also be pretty choked if I bought somewhere in Hawaii, and two weeks before closing was told I'd have to pay 15% more, because of a newly legislated tax that I won't be able to recuperate when I sell the property.