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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Yes they do; you need a 35% downpayment as a non resident.
It's pure fiction that all of these buyers are cash buyer, mega millionaires.