I Want To Invest In Real Estate As An Ex-Pat Canadian

by Heather
(Saudi Arabia)

Hello,
I'm from Nova Scotia, Canada but live and work in Saudi Arabia as an English teacher. I make a very good income but can't put money into Canadian banks lest I be charged ridiculous amounts of tax on my 'world income'.

However, apparently, I can have as many income properties as I wish (as can any foreigner). So this is a route I'd like to look into further, as soon as possible.

Any advice you can give me regarding how much down payment I would need, what kind of mortagage institution I would deal with etc. would be more than appreciated. I find it very difficult to get straight answers on the rules of being an ex-pat Canadian.

Thank you,
Sincerely,
Heather

Comments for I Want To Invest In Real Estate As An Ex-Pat Canadian

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Jan 10, 2013
 Other options for Ex-Pats
by: Edwards Partners

Hi Heather,

There does exist another option. As an Ex-Pat, you are fully entitled to invest in Canadian property management firms.

For example, we are a young company which specializes in purchasing, renovating and reselling prime property in Quebec. Profits of sale proceeds are divided to provide gains to our investors and support the company. The key difference in companies like ours, is that we assume all provincial tax burdens from the sale without passing such taxation on to the investor. Models like ours work only by having a trusted and effective team of aggressive and seasoned real-estate agents with sound knowledge of the local market.

As it is with any investment option, you would be well advised to do your homework and avoid scams.

With the amazing and continuous opportunities to be had in real-estate, I am convinced this will remain a solid market for investors such as yourself to gain a handsome profit with marginal risk.

Regards,
Marcel

PS: Should you ever want more information on our approach, do not hesitate to contact us.
Oct 23, 2012
 RE: I Want To Invest As An Ex-Pat...
by: Tom Karadza

Hi Heather,

Thanks so much for your question!

I'm not sure why, but we agree, it always seems difficult to get straight answers on this for ex-pat Canadians.

I *think* you're looking at 15% down on anything you buy and perhaps up to 45%.

But there are so many conditions around this answer...

For example, you can buy Apartment Buildings in Canada with 15% CMHC programs. BUT ... CMHC often values the building less than the amount you bought it for so you end up putting more down.

And then you being a Canadian out of the country may make things even more interesting.

Why don't you give one of our contacts at First National a call (email Kayla in our office Kayla@RockStarBrokerage.com and ask for it) mention that I asked you to email in for it. He's a good guy and an expert at investment property mortgages in Canada. He may not have all the answers for you but he'll be able to point you in the right direction.

Sorry I don't have a complete answer for you!

Tom.

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