The federal Foreign Buyer Ban (extended to January 2027) generally prohibits non-Canadians from buying residential property in major urban centers. Ho... Read Morewever, recreational properties—including most private islands in the Gulf Islands or the Inside Passage—are typically exempt if they fall outside Census Metropolitan Areas (CMAs). Non-resident buyers face an Additional Property Transfer Tax (20%) in specified regions. Furthermore, a 2026 update to the Speculation and Vacancy Tax has increased the rate for foreign owners to 3% (rising to 4% in 2027) of the property's assessed value annually. Read Less