Expats buying in Toronto for family member?
I'm an expat Canadian citizen living in the States interested in buying a condo for my parents in Toronto, preferably North York area. They're currently renting and they've had their rent bumped up a couple of times already.
Any other expats purchase real estate in Canada? I've bought a few properties in the USA and was wondering what the process in Canada is. Do I need a Realtor as well as a Real Estate lawyer for this transaction? It will likely be a cash purchase. Anyone have experience moving that much money across the border? The condo will be titled in my parents name so as to avoid the 15% non-resident tax.
Thanks for any help!
Any other expats purchase real estate in Canada? I've bought a few properties in the USA and was wondering what the process in Canada is. Do I need a Realtor as well as a Real Estate lawyer for this transaction? It will likely be a cash purchase. Anyone have experience moving that much money across the border? The condo will be titled in my parents name so as to avoid the 15% non-resident tax.
Thanks for any help!