Yes, Canadians can purchase homes in the United States regardless of citizenship status. The U.S. government places no restrictions on foreign nationals purchasing property. For Canadians who want to take advantage of relatively lower home prices for investment or snowbird retreats, buying a home in the U.S. is a good choice.
Canadians visiting the U.S. normally don’t need a visa.
If you’re traveling by air to the U.S. for pleasure, you only need your Canadian passport or NEXUS card. A Nexus Pass is a border crossing ID card that will get you through U.S. customs through a faster-moving processing queue.
You can apply for a Nexus Pass if you:
• Are a Canadian citizen or permanent resident of Canada; and
• Are a U.S. citizen or permanent resident of the United States, or a Mexican national with a valid passport.
If you want to stay in the U.S. for an extended period of time, you will need to apply for a visa.
There are many types of visas, but the most common one for Canadians is the B-1/B-2 visa, which is for business or pleasure travel. You can apply for this visa at a U.S. consulate or embassy in Canada.
To enter the U.S., you will need to present your passport and visa to a Customs and Border Protection Officer, who will then stamp your passport with an entry date.
You can typically stay in the U.S. for up to six months on a B-1/B-2 visa, but this can vary depending on the officer’ s
discretion.
If you want to stay in the U.S. for longer than six months, you will need to apply for a different type of visa.
There are many types of visas, but the most common one for Canadians is the B-1/B-2 visa, which is for business or pleasure travel. You can apply for this visa at a U.S. consulate or embassy in Canada.
To enter the U.S., you will need to present your passport and visa to a Customs and Border Protection Officer, who will then stamp your passport with an entry date.
You don’t need a Green Card to buy property in the United States. The U.S. government places no restrictions on foreign nationals purchasing a property. For Canadians who want to take advantage of relatively lower home prices for investment or snowbird retreats, buying a home in the U.S. is a good choice.
You will, however, need to get a mortgage from a U.S. lender. The best way to do this is to talk to your Canadian bank or credit union about getting a cross-border mortgage.
If you’re self -employed or work for a Canadian company with business in the U.S., you may need a visa.
The amount of tax you’ll pay also depends on the state and county in which the property is located. For example, Florida has a relatively low real-estate tax rate, while New Jersey’s is much higher. Property taxes in Texas are collected at the county level, so rates can vary significantly depending on where the property is located.
You may be able to deduct your property taxes on your federal income tax return if you itemize deductions. Check with a tax advisor to see if this applies to you.
If you’re thinking of buying a vacation home in the U.S., remember that you’ll be responsible for paying the property taxes on that home. When considering
In addition to the annual property tax, you’ll also be responsible for paying any special assessments levied by your municipality for things like street or sidewalk repairs. These assessments usually come as a one-time charge.
You may also be required to pay a capital gains tax if you sell the property for more than you paid for it