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Buying Property on a Work Permit in the GTA

Canada, known for its stunning landscapes and vibrant cities, has become a dream destination for many. If you’re on a work permit in the Greater Toronto Area (GTA), buying property might seem like a complex process. However, with the right knowledge, you can navigate the real estate market successfully. Here’s everything you need to know about buying property on a work permit in the GTA.

Understanding the Foreign Buyer Tax

One of the first hurdles you might encounter when looking to purchase a resale home in the GTA is the foreign buyer tax. Currently set at 25%, this tax applies to non-residents buying property in certain areas of Ontario, including the GTA. However, there’s a silver lining: you can claim this tax back once you gain residency. This means that while the upfront cost might be higher, you can recover this expense after you establish permanent residency in Canada.

Pro Tip: Keep all your documentation organized and stay updated on the requirements for tax reimbursement to ensure a smooth process once you qualify for residency.

Purchasing Pre-Construction Homes

If you’re considering buying a pre-construction home, there are specific conditions to be aware of. Your work permit must be valid for at least 183 days to proceed with the purchase. This requirement ensures that you have a stable status in Canada during the construction period.

Pre-construction homes offer several benefits, including the opportunity to customize your new home and potentially benefit from appreciation in property value before you even move in. However, it’s crucial to ensure that your work permit remains valid throughout the construction phase to avoid any complications.

Key Tip: Work closely with a real estate agent who specializes in pre-construction properties and understands the nuances of buying on a work permit.

Steps to Buying Property on a Work Permit

  1. Assess Your Financial Readiness: Ensure you have a clear understanding of your budget, including the additional 25% foreign buyer tax if purchasing a resale home.
  2. Secure Financing: Consult with mortgage lenders who have experience working with non-residents or work permit holders. They can provide tailored advice and options suitable for your situation.
  3. Choose the Right Property: Whether you’re looking at resale homes or pre-construction properties, select a home that fits your long-term plans and current needs.
  4. Work with Experts: Engage a real estate agent and legal advisor who are well-versed in the regulations and requirements for non-resident buyers.
  5. Prepare for Closing: Ensure all your documents are in order and be prepared for the closing costs, including the foreign buyer tax if applicable.



Buying property in the GTA on a work permit is a feasible dream with the right information and preparation. By understanding the foreign buyer tax, meeting the necessary permit requirements, and working with knowledgeable professionals, you can navigate the process smoothly. Your dream home in Canada is closer than you think!

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Gagan Verma - top toronto realtor