Real Estate

Can you purchase a property without disclosing your identity?

  • Last Updated:
  • Oct 12th, 2020 12:17 pm
[OP]
Deal Addict
User avatar
May 26, 2006
1222 posts
234 upvotes
Toronto

Can you purchase a property without disclosing your identity?

Have searched but couldn’t seem to find the answer to this exact question...

If a buyer wanted to, could they put forth and offer and actually close a sale in such a way that the seller would not know their identity if they wanted to choose to keep it private?
4 replies
Jr. Member
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Jun 3, 2019
172 posts
137 upvotes
GTA
Gmas wrote: Have searched but couldn’t seem to find the answer to this exact question...

If a buyer wanted to, could they put forth and offer and actually close a sale in such a way that the seller would not know their identity if they wanted to choose to keep it private?
Other than putting in offer under a company name, corporation or using a Power of Attorney, I don't think there's any other alternatives. Even then a lawyer will be able to find out who's hidden behind those structures if the buyer really wanted to dig. Using POA though would set off flags with lenders and title insurance cos.
Realtor® & Mortgage Agent
Jr. Member
Jul 23, 2020
100 posts
66 upvotes
Companies are able to purchase property, the next step is hiding who owns the company.
Deal Addict
May 12, 2014
2591 posts
2308 upvotes
Montreal
Yes, it's absolutely possible. Probably depends on the exact jurisdiction (province) but I can think of many ways in Quebec.

I understand that this is done in America when someone wants to buy a large area without tipping off the sellers that a "whale" is buying.

Obviously you can't do this on your own. You'll need a lawyer, and it will be expensive.

Also depends on what exactly you want: seller not to know at time of closing, or not to know ever?
Newbie
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Apr 20, 2019
15 posts
6 upvotes
Toronto
Actually, in states many people do that: Build a LLC company, and buy the property under that company name. Same process here but it would be costly. Unless you have legitimate reason to do it, then do it. Otherwise, these transactions are considered suspicious and reports might be sent to OSFI to check money laundering, terrorism financing, etc.

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