💼 Investment Requirements for Canadian Residents & Non-Residents 💼
Curious about what it takes to invest in Canadian real estate as a resident? Here’s a breakdown:

1️⃣ Down Payment: For residents, you’ll typically need between 5-20% of the property value as a down payment. The exact amount depends on your financial profile and the property type. First-time homebuyers may benefit from government programs that reduce the down payment requirement, making homeownership more accessible. 🏡

2️⃣ Closing Costs: In addition to the down payment, expect to budget around 2% of the purchase price for closing costs. This includes legal fees, land transfer taxes, and inspection fees. Planning for these extras ensures a smooth and stress-free investment. ✅

As for Non-Residents—while the ban on foreign buyers for residential properties is in place until January 1, 2027, you can still invest in businesses, land, and commercial real estate. In the past, non-residents typically needed a 35% down payment, but it’s important to consult with financial and legal experts to navigate the current regulations. 📜
Stay tuned for more insights on how to successfully invest in Canadian real estate! 🏙️

📲 Contact Faiz to explore your investment options in the ever-growing Canadian market!
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