If you are anything like me, I make plans in the spring for any home repair jobs that need to be taken care of. My favorites are the aesthetic ones; paint, new light fixtures, maybe new hardware on the cabinets, new carpeting or window treatments. Things that brighten up the place and I can easily see and enjoy.
Not only did we see the rescission changes roll out but recently, the federal government released the full details of the Prohibition on the Purchase of Residential Property by Non-Canadians Act (commonly referred to as the foreign homebuyers ban).
The following is an overview of the regulations as they relate to this ban.