Advice on buying a pre-construction condo in Toronto while living in the US

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vmoveit
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Joined: Mon Oct 17, 2022 12:19 pm

Advice on buying a pre-construction condo in Toronto while living in the US

Post by vmoveit »

I am interested in buying a pre-construction condo in Toronto for both investment/retirement purposes. I currently live in the US for work but plan to move back to Toronto at some point since my family lives there.

Can you please suggest anything I should consider for such a purchase? For instance, are there additional tax implications I should consider from the US and Canadian sides? Do I have to pay additional taxes (e.g., Non-Resident Speculation Tax or Land transfer tax)?

I am a Canadian citizen, with permanent residence in the states. Any input would be greatly appreciated!
teripom
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Joined: Tue Jul 06, 2021 1:08 am

Re: Advice on buying a pre-construction condo in Toronto while living in the US

Post by teripom »

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teripom
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Joined: Tue Jul 06, 2021 1:08 am

Re: Advice on buying a pre-construction condo in Toronto while living in the US

Post by teripom »

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teripom
Posts: 5
Joined: Tue Jul 06, 2021 1:08 am

Re: Advice on buying a pre-construction condo in Toronto while living in the US

Post by teripom »

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