Foreign Ownership of Islands in Ontario, Canada

There are very few restrictions on foreign ownership of private islands in Canada. The only exceptions are Crown land. When other restrictions arise, they are at the provincial or territorial level. Some coastal areas have a limit on the amount of land a foreigner may own. In Prince Edward Island, non-residents need permission to buy more than 5 acres of property, or land that has a shore frontage greater than 165 feet. In Saskatchewan, a non resident cannot buy over 10 acres of land, but since it’s an inland province with very little water, it’s not of great concern to island buyers.

Nova Scotia, Newfoundland, and New Brunswick, the other east coast provinces, as well as the provinces of Quebec, Ontario, and British Columbia, do not have restrictions on foreign ownership. However, this wide open market has created some friction in provinces like Nova Scotia. Increasingly, some local owners feel there should be restrictions in the province so popular with European and American investors. With foreign investors driving up property values, locals feel it will soon be impossible to buy or own land in their own province. Prince Edward Island created a separate property tax for foreign owners of real estate. There are some in Nova Scotia who feel their province should do the same in order to protect locals in Canada’s Ocean Playground.

Regional Statistics for Ontario, Canada

Location:

Ontario is bounded on the north by Hudson Bay and James Bay, on the east by Quebec, on the west by Manitoba, and on the south by the U.S. states of Minnesota, Michigan, Ohio, Pennsylvania and New York. Ontario's long American border is formed almost entirely by lakes and rivers

Population:

12,686,952

Languages:

English

Capital:

Toronto

Currency:

Canadian dollar

Climate:

A continental climate with hot summers and cold winters

Temperature Range:

-25 to +35

Terrain:

Uplands, Canadian Shield, and a great many lakes, rivers and islands

Natural Hazards:

Flooding, forest fire