A change to the federal ban on foreign home ownership is making adapting to life in a new country a lot easier for Dr. Sukhcharan Singh. “Because of the ...
Dr. Sukhcharan Singh has relocated to Sydney from the United Kingdom. Contributed - ContributedA change to the federal ban on foreign home ownership is making adapting to life in a new country a lot easier for Dr. Sukhcharan Singh.
According to a federal news release from Housing and Diversity and Inclusion, the Prohibition on the Purchase of Residential Property by Non-Canadians Act's accompanying regulations, which came into force Jan. 1, have been amended as of March 27 Though people like Liberal Sydney-Membertou MLA Derek Mombourquette is crediting Grant with her efforts to see the ban amended, Grant said Mombourquette and Cape Breton-Canso MP Mike Kelloway and his staff should be recognized for moving on the concerns.
“It was important they made the necessary revisions to the policy to encourage medical professionals to want to come and establish roots in the community.”Kelloway said it shows the power that people from Cape Breton can have on the national scene as he heard from doctors, real estate leaders and some lawyers and his office brought the concerns to the applicable federal ministers.Kelloway said sometimes government’s intention for a piece of legislation and its actual outcome are different.
Repealing Sect. 3 of the regulations, so the prohibition does not apply to all lands zoned for residential and mixed use. Vacant land zoned for residential and mixed use can now be purchased by non-Canadians and used for any purpose by the purchaser, including residential development.
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