The Foreign Buyer Ban, officially known as the Prohibition on the Purchase of Residential Property by Non-Canadians Act, was introduced to help improve housing affordability by restricting non-Canadians from buying residential property in certain areas of Canada. In British Columbia, the ban applies primarily to urban centers such as Victoria, Nanaimo, Vancouver, and Courtenay, but does not apply province-wide. Many smaller communities and rural areas on Vancouver Island and beyond remain exempt, offering opportunities for international buyers to invest freely.
The ban includes several exemptions. Non-Canadians can still purchase property if they hold a valid work permit, meet certain international student conditions, or are refugees or protected persons. Additionally, properties with four or more dwelling units, vacant land zoned for residential or mixed use, and those located outside census metropolitan or agglomeration areas are typically excluded.
With amendments extending the ban until 2027, it’s crucial for buyers to understand where and how these rules apply. Partnering with an experienced real estate professional ensures you can identify exempt regions—such as much of the Cowichan Valley, Ladysmith, and Lake Cowichan—and make informed, strategic decisions when purchasing property in BC.
There are many regions on the island & the Gulf Islands that offer incredible opportunities for international buyers to invest in homes, acreages, and waterfront properties without restriction, making the exemption zones highly attractive for global purchasers seeking lifestyle, privacy, and natural beauty. I can provide expert advice to guide you to your dream property!