The Canadian real estate market is robust and potentially very lucrative. Even during the worst economic times of the new millennium, real estate in Canada weathered the storm remarkably well. Plus, there are no citizenship or residency requirements for owning property in Canada. Indeed, you can live in a Canadian residence on a temporary basis, even without residency or citizenship; though there are immigration requirements for extended stays. Still, the market is open to investors around the world but to make the most of your investment, it is important to have a solid understanding of taxes in Canada.
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