Canada Foreign Home Buyers Policy and How it Affects Foreign Buyers
As a real estate team that values transparency, we want to provide you with important information about the foreign homebuyer’s policy that is now in place in Canada as of January 1, 2023. This ban aims to make homes more affordable for Canadian residents by limiting foreign investment. This ban applies to residential properties such as detached homes, semi-detached houses, rowhouse units, residential condominium units, and similar premises in census metropolitan areas or core areas. Vacant land zoned for residential or mixed-use and purchasing it for the purpose of development is unaffected.
Please remember that recreational properties like cottages, lake houses, and residential properties in municipalities with a core population of less than 10,000 are not subject to the ban. Additionally, non-Canadians can still purchase more significant buildings with multiple units.
This ban addresses the housing affordability crisis in Canada, where the average house cost is 67% more than the average Canadian household can afford. This ban is expected to create new opportunities for Canadians to purchase residential properties by opening up the supply.
However, refugee claimants, international students who meet specific criteria, and non-Canadians with a spouse or common-law partner who is a Canadian citizen, permanent resident, person registered under the Indian Act, or refugee are exempt from the ban.
Those who violate the ban can face penalties of up to $10,000 and may be required to sell the property they purchased. Anyone who knowingly assists a non-Canadian with their purchase may also face fines.
5 Dog-Friendly Patios in Saskatoon
Saskatoon has a variety of restaurants, but have you ever wanted to bring your four-legged friend along for a meal?
Never leave your dog at home again with these delightful restaurants with pet-friendly patios.
Prairie Sun Brewery
Prairie Sun is located just after the bridge on Broadway. It is easily walkable with your furry friend from downtown and surrounding neighbourhoods. Sit down, drink a beer and eat some delicious food on their sunny patio, which is open for dogs and people alike. Prairie Sun started as just a local craft beer brewery and has expanded into the restaurant hot spot it is today.
Leopold’s Tavern (Rosewood)
The Rosewood location of Leopold’s Tavern has a great dog-friendly patio, enclosed with a backyard vibe. The patio features an exclusive pet and person-side entrance. The staff graciously greets you with a treat for your dog. Enjoy elevated pub food and a great selection of drinks at the Tavern.
Stumbletown Distilling
Stumbletown is a new establishment on Quebec Avenue, off Idylwyld—an easy walk from Mayfair or Caswell Hill. The quaint patio is a great place to bring your dog, have a few drinks, munch on some snacks and unwind. The distillery makes various flavours of gin and gin cocktails. On your way out, grab a bottle of gin to take home!
Cohen’s Beer Republic
Cohen’s is located in Riversdale on the corner of Idylwyld and 20th Street. You can’t miss the curved dark blue building! There is a small, yet mighty, patio for you and your dog to enjoy, which is very walkable from downtown, Riversdale, or other surrounding neighbourhoods. They have lovely drinks and an eclectic menu — sure to please anyone.
City Perks
City Perks is an adorable local cafe in the heart of City Park. A semi-enclosed deck is an excellent place for your pup, and it’s well shaded with mature trees and table umbrellas—a quick walk from the river pathways and parks along Spadina. The cafe’s food, drink and dessert menus are incredible. Bring your dog and stay for the cheesecake.
Make any outing more enjoyable by bringing your dog with you to these yummy Saskatoon restaurants. All of these eateries have a nice patio space to share food, drinks, and a water bowl with your four-legged friend!