As a non-resident of Canada you typically live and pay your income taxes in another country. Many non-residents spend a portion of their time each year in Canada while claiming their country of origin as their permanent residence.
Common non-resident property types include:
– Secondary residences
– Vacation homes
– Hotel condos
-Primary residences for non-permanent residents who re-located Canada for a specific period of time for work purposes
Down payment requirement for non-resident mortgages vary from 10-35% depending on the nature of non-residency.