About Susan Gozali Expertise I can help you in questions regarding mortgage/financing in Canada. I'a mortgage expert, having access to over 90 lenders, including banks, credit unions, trust companies, and even private lenders. I handle both residential and commercial properties. Please do not hesitate to ask me if you have any questions regarding those matters.
Experience I have access to the most creative alternative lending products out there, meaning unlike your bankers, I deal with clients with less than perfect credit rating. In addition, I also deal with self-employed borrowes and foreign investors. My latest project is to help renters achieving their dreams of becoming homeowners.
Education/Credentials Licensed Mortgage Broker of BC
Expert: Susan Gozali Date: 12/4/2007 Subject: Canadian Real Estate----residency
Question I am a US citizen and would like to purchase real estate in Canada. I understand a non-resident can use a Canadian property for only 6 months at a time. Does that mean you must leave for one day? or how is this 6 month requirement implemented? Is it difficult for a retired US citizen over 65 to establish residency? What is required? Thank you, John
Answer Hi John,
I'm a mortgage broker, so I'm not really familiar with immigration policy here. However, I do understand about that 6 month period. If you stay beyond the 6-month period, I believe you're considered a resident of Canada under its domestic law. However, I think you can extend your stay by extending your temporary resident visa. Here is the link:www.cic.gc.ca
I think Canada is really supportive of people immigrating here. I don't know how difficult it is, but there are many many landed immigrants here.
Where in Canada are you planning to buy? For non residents, usually lender would go up to 65 LTV, but they do make exceptions, especially for US residents.
I'm sorry I can't help much. Hope it gives you a better idea.
