Can non-residents buy property in Vancouver?

Canada introduced a law in 2023 that prohibits most non-Canadians from buying residential property. Foreign nationals who are not permanent residents or Canadian citizens cannot buy homes in most Canadian cities, including Vancouver. Some exceptions exist, such as people with certain work permits. These rules are complex and connect to other costs like the property transfer tax in BC, which also has rules that affect some foreign buyers.

BC also has its own Speculation and Vacancy Tax, which applies in Metro Vancouver and targets empty properties. If you are eligible to buy, work with a real estate agent and a BC lawyer to understand exactly which rules apply to you. Find a Vancouver real estate agent who can guide eligible buyers through the process.