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1. Overseas people need to open bank accounts locally in Canada.
2. The credit history of home buyers must be good.
3. Overseas people need to prepare sufficient down payment.
4. Overseas people can ask their relatives and friends in Canada to help complete the mortgage loan.
5. Overseas people need to manage and arrange their bank accounts in Canada.
Overseas buyers in Canada are similar to locals in buying property. The only significant difference is that expatriates cannot enjoy some preferential policies for locals. If the property bought by overseas people in Canada is to be sold, the higher part of the property value is subject to VAT. Canadian real estate is still quite popular. In recent years, property prices have been rising, and property values are prominent. Generally, people who invest in Canadian real estate can get a stable return. After all, the rate of return of the country’s real estate is stable at 4%.