Canadian banks typically require non-residents to put down at least 35% .
While the "ban" sounds absolute, many Americans successfully navigate it by finding the right geographic or professional loophole. The Story of the "Exempt" Escape can an american buy a house in canada
Even if the federal ban doesn't stop you, provincial taxes might. Ontario charges a 25% Non-Resident Speculation Tax (NRST) , and British Columbia charges 20% in certain regions. The Professional's Path Canadian banks typically require non-residents to put down
Long-term students who have lived in Canada for 5+ years and filed taxes for 4 of them may buy a home under $500,000 CAD . Ontario charges a 25% Non-Resident Speculation Tax (NRST)
Critically, owning a home in Canada does not grant you residency or a visa; you are still limited to standard visitor rules, usually up to 6 months at a time.