CMP Realty · Toronto & Canada
In Ontario a real estate lawyer closes the deal: title search, liens, condo documents and the money flow. We bring a lawyer in from day one so you see every cost in advance.
For international buyers: the rules as of November 2026
Since January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act has restricted foreign buyers. Under current law the ban runs until January 1, 2027 (Department of Finance Canada). It does not apply to Canadian citizens or permanent residents, and there are exceptions for non-Canadians, for example work permit holders with at least 183 days of validity left, some international students, protected persons, and purchases made with a Canadian or permanent-resident spouse. See the full conditions on the CMHC website.
Budget 2026 proposes extending the ban on resale homes to January 1, 2029 and exempting new residential properties. This is a proposal, not law yet: until it is enacted, the current rules apply. We track every step and will tell you when a new-condo purchase is open to you.
Taxes when you buy in Toronto: Ontario Land Transfer Tax, the City’s Municipal Land Transfer Tax, and for foreign buyers the province-wide 25% Non-Resident Speculation Tax.
What our support covers
- Title and lien search.
- Review of the condo status certificate and the builder’s agreement.
- Tax and closing-cost estimate.
- Closing and registration.
Your partner in Canada
Evgeny Rosen is the managing partner of CMP Realty in Toronto. He handles purchases, sales and rentals across Toronto and the GTA, helps with mortgage and tax questions and brings in a real estate lawyer.
Office: 706-180 Dudley Ave, Markham, Ontario · +66 90 040 0052
Phone and Messenger: +66 90 040 0052 · info@cmprealty.com
This page is general information and is not legal advice for your situation.