RR

First Time Buyer Resource Hub

Ryan O'Connell ยท The Right Choice Realty ยท Fredericton, NB

Everything you need in one place. Use these resources alongside your buyers guide to feel fully prepared โ€” from savings accounts to grants to school zones.

Financial Programs & Tax Credits
Calculators & Tools
Grants & Rebates
From Ryan's Blog โ€” The Right Choice Realty
Fredericton School Zones
Foreign Buyer Ban โ€” What You Need to Know

What is it?

The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect January 1, 2023. It restricts non-Canadians from purchasing residential property in Canada.

Who does it affect?

  • Non-Canadian individuals (foreign nationals)
  • Corporations not incorporated in Canada
  • Corporations with majority foreign ownership

Who is exempt?

  • Canadian citizens and permanent residents โ€” not affected
  • Refugees and protected persons
  • Temporary residents who meet specific criteria
  • International students in certain situations
Bottom line for most buyers: If you are a Canadian citizen or permanent resident, this ban does not apply to you and you can purchase freely. If you hold a work permit or study permit, speak with Ryan โ€” there are exemptions that may apply to your situation.
Legal & Process Resources
RR

Questions? I'm always happy to walk you through any of this.

506 307 6637

ryan@regimentcreekpm.com

2B-288 Union St, Fredericton NB