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Relocating from Mexico to Vancouver, Canada can be an excellent opportunity for Mexican residents – and a very doable one at that!

Mexicans traveling to Canada has surged since the visa requirement was shelved, with reports of triple the calls and emails to immigration lawyers from recently arrived Mexicans looking for work permits.

Currently, the Canadian ministry estimates that there are 90,000 Mexicans living in Canada, with more on their way, in part due to issues that the new American President has created.

Understanding Foreign Ownership

Buying real estate in Canada doesn’t really have anything to do with citizenship. In fact, even Canadian residents fall under the same buying rules if they don’t reside within Canada for 6 months of the year.

That being said, as with a lot of the dynamics in Canada – buying real estate is a welcoming experience and restrictions are pretty much nil, besides the newly implemented 15% Foreign Tax if you choose to purchase real estate in Canada, but don’t live here full time.

The Fine Detail of Financing

Financing is also a consideration for foreigners, and it should be noted that non-residents are required to pay a 35% cash down payment on property purchases in Canada.

However, if you are working towards a citizenship, you will likely have a verifiable income and can work around this. Plus, real estate financing is quite appealing in Canada as far as rates and rebates – something I would be happy to further explain.

Which leads me to …Finding the Right Realtor

If you are a non-resident of Canada, or looking to acquire your permanent residency, finding the right realtor who can help you through the intricate steps in buying property in Vancouver, is going to be paramount to the success of your transaction.

If you are a Mexican citizen looking to become a Canadian homeowner, I can help you transition into a space that is right for you in a manner that is comfortable.

Below are a few things you will want to know about the process in becoming a Canadian Citizen or Permanent Resident in Canada, which include…

  • Get PR card

  • Apply for a PR travel document

  • Change your address

  • Start your life in Canada

  • Find immigrant services near you

  • Apply for citizenship

As well, to be eligible to become a Canadian citizen you must fulfill various criteria, some of which includes:

  • Having a permanent resident (PR) status in Canada

  • Being at least 18 years old

  • As well as being physically present in Canada as a permanent resident for at least 1460 days during the 6-years immediately before the date of your application.

If you are looking to purchase real estate in Vancouver as a foreign buyer, give me a call or send me an email. I have the expertise that will help you in making a successful purchase that is right for you, and look forward to doing so!

 

Andrew Szalontai, Vancouver Realtor

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