09/04/2026
Status decides everything.
A Canadian citizen can buy a house in Ontario with no restriction and no speculation tax, wherever they happen to live. A foreign national with no Canadian status cannot buy in Oakville, Mississauga, Milton or Burlington at all right now. And a work permit holder often can buy, yet still owes Ontario's 25% Non-Resident Speculation Tax at closing.
Most of the confusion I hear comes from mixing up two separate rules from two different levels of government. The federal ban is one thing. Ontario's tax is another. They have different exemptions and they expire on different schedules.
Wrote the whole thing up: who can buy today, what the 25% actually costs, how the rebate works and the two deadlines that void it, and what changes on January 1, 2027.
https://damirstrk.com/can-an-american-buy-a-house-in-ontario/