This is a popular question for Canadian expats. Canada Revenue Agency (CRA) provides clear guidance that buying a residential property that is leased out while you are away from Canada has no impact your tax obligation on income earned abroad. This is because buying property that is to be leased out does not create significant residential ties with Canada and so preserves your status as a non-resident for tax purposes.

Yes, you will ultimately require a Canadian chequing account to receive your monthly rental income and to have mortgage, maintenance fee, and property taxes debited. We can help you get a Canadian bank account by leveraging our established relationships with our banking partners.

Yes, about 2 weeks prior to your purchase completion date, you will be required to travel to Toronto for about 4 business days to sign closing documents in person, and to deliver a bank draft of your down payment amount to your lawyer's office.

Our in-house lease management division engages a team of professionals to take care of your property. We directly market your property to new prospective tenants, qualify the best tenants, receive & remit rent to your bank account, receive & action all tenant issues, and keep you updated with monthly & annual income statements. You can find out more about our lease management services under the Services section on our website.

Many of our clients hail from cities outside of Toronto, such as Calgary, Montreal, and Halifax. Despite their roots lying elsewhere, they choose to invest in Toronto real estate due to the heightened certainty and predictability offered by a thriving real estate market, a steady rental demand fueled by a strong economy and job opportunities. When contemplating a return to Canada, you have the flexibility of holding on to your investment property in Toronto or selling the property and leveraging the gains to acquire a property in your hometown.