Non-residing Canadian looking to buy a home -- what's different?
My sister is a Canadian citizen who's been working in Hong Kong for the past ten years with PR. She's interested in buying a home and applying for a mortgage, but doesn't have much of any Canadian credit history for the past decade, though earns a good income in Hong Kong. She's recently been hired to work for a firm in Eastern Ontario remotely under contract as a mean's to rebuild her credit.
I've been trying to find some resources specifically for non-residing Canadians buying homes in Canada, but most resources are specific to non-residents from other countries. Are there any discrepencies? If anyone has any resources, I'd really appreciate it! Mainly, we're trying to understand mortgage process, capital gains, etc.
Many thanks!
I've been trying to find some resources specifically for non-residing Canadians buying homes in Canada, but most resources are specific to non-residents from other countries. Are there any discrepencies? If anyone has any resources, I'd really appreciate it! Mainly, we're trying to understand mortgage process, capital gains, etc.
Many thanks!