Learn About the Foreign Buyer Ban Exemption Areas in B.C.

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The Government of Canada enacted the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the"Act") on January 1, 2023. It is currently due to expire on January 1, 2027. Although the Act does prevent purchases in Census Metropolitan Areas or Census Agglomeration, there are many places throughout Vancouver Island that are exempt. 

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Key Highlights

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The Act defines residential property as buildings with 3 dwelling units or less. This includes semi-detached houses and condominium units. The Act doesn’t prohibit the purchase of larger buildings with 4 or more dwelling units.

Non-Canadians can purchase residential properties located outside of Census Metropolitan Areas (CMA) and Census Agglomerations (CA).

Frequently Asked Questions

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.