Canadian law places ban on most foreigners buying homes – Robert Khodadadian

, Canadian law places ban on most foreigners buying homes – Robert Khodadadian, Robert Khodadadian

It’s not exactly as overt as a border wall, but a new law in Canada is designed to make it much more difficult for foreigners to purchase property there. The law, which went into effect tomorrow, places a two-year ban on the purchase of residential property by non-Canadians, the New York Times reported. Regulations recently released by the government say the prohibition applies only to certain cities and not to vacation homes in recreation areas.

 It’s not exactly as overt as a border wall, but a new law in Canada is designed to make it much more difficult for foreigners to purchase property there. The law, which went into effect tomorrow, places a two-year ban on the purchase of residential property by non-Canadians, the New York Times reported. Regulations recently released by the government say the prohibition applies only to certain cities and not to vacation homes in recreation areas.
The post Canadian law places ban on most foreigners buying homes appeared first on New York.  Home Page, Politics, canada, foreign residential real estate, housing crisis, Residential Real Estate The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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See also  B6, Compass’ Polsinelli Team to Sell Flushing Site on November 9, 2022 at 11:46 pm Connect CRE – Robert Khodadadian

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