Thinking about buying property overseas, as a getaway or vacation home? Modern technology has made our world smaller than ever, but there is a lot to consider when purchasing property internationally.
Determine Your Needs and Goals
Before you even open your web browser, take some time to think about what exactly you’ll be looking for. This should include not only ideals like weather and activities, but also take into consideration elements such as language, job market, culture, etc. that you might wish to see in the location you choose. Prioritize your current situation as well as future goals.
Financial considerations are important, of course, and it may be worth speaking to a professional in advance of making any investments, especially as you will likely be navigating a different country’s economy, currency, and laws.
Do Your Research
This might seem like it should go without saying, but take the time to look into where other Canadians have bought property. Keep your goals in mind as you look, and pay particular attention to the specific circumstances of the countries you’re researching.
One specific thing to ensure you’re familiar with is the legal landscape in the country you’re vetting, particularly regarding ownership rights and local laws governing buying and selling property. A lawyer practicing in the area would be an asset.
Dual Citizenship
If you have dual citizenship, this may prove beneficial for your target country, as you may already have an understanding of the legal and economic situation there. It may also create particular tax considerations across multiple countries, as well as trigger obligations regarding international transactions in both countries.
Financing Options
There are a number of different possible options for purchasing a home overseas. Paying the full amount without financing would clearly mitigate potential complications and is likely to be appealing to many sellers. Alternatively, you could consider a home equity loan, a local mortgage with a bank in the country in question, or potentially financing directly from a property developer.
If you’re not already adept in the area of home financing, you might consider speaking with an accountant or mortgage expert locally before reaching out to professionals abroad.
Professional Assistance
There are a lot of different and complicated elements to think about when making an property purchase internationally. If at any point you find yourself overwhelmed, reach out to a professional, whether it’s a lawyer, accountant, or your friendly Vetere Team!
Contact us today if you have any questions about real estate!
The Vetere Team is happy to help you navigate selling your home, or buying a new one (even internationally)! Feel free to reach out any time!
FEATURED LISTING
3+1 Bedrooms | 3 Bathrooms | Asking Price: $2,499,000 | Taxes: $9,816.75 | Mississauga (Oakridge) | Bungalow | 2185 Sq Ft | 1607 Sq Ft Lower Floor
2301 Otami Trail, Mississauga (Oakridge)
Nestled in a quiet, private cul de sac in Oakridge one of Mississauga’s most iconic neighbourhoods. This beautifully designed 3+1 bedroom, 3-bathroom bungalow offers both comfort and style. The open-concept Great Room, highlighted by large clerestory windows, 9 foot ceilings and a cozy gas log fireplace, provides the perfect space for family gatherings. The separate living and dining rooms offer additional areas for relaxation and entertainment. The spacious primary bedroom features custom built-in closets and a stunning 5-piece ensuite bath. Generously sized secondary bedrooms with direct access to a beautiful patio and lush backyard gardens provide a tranquil escape. The fully finished basement includes a rec room, workshop, and an additional bedroom, ideal for guests or a growing family. Enjoy the convenience of being just steps away from scenic trails, golf courses, and major highways, all within a private and peaceful neighbourhood setting. This exceptional bungalow combines custom design and functionality your perfect home awaits!
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Caledon East Family Chiropractic has been serving Caledon and surrounding areas for 19 years. Founded by Dr. Scott McCrimmon in 2006, the practice started as just a chiropractic office and has since expanded to include two chiropractors, osteopathy, massage therapy, holistic nutrition, concussion management, acupuncture, custom orthotics, and bracing.
Dr. Scott, a Caledon East native, returned to his hometown after earning his Doctor of Chiropractic degree from the Canadian Memorial Chiropractic College and his Bachelor of Kinesiology from McMaster University. He’s an active community member, coaching with the Caledon Hawks and participating in local sports. He is proud to work and live with his family in this great community.
The Caledon East Family Chiropractic team includes Dr. Scott, Dr. Lauren Ellens (Chiropractor), Paul McCrimmon (Osteopath), Sharon Brovold (RMT), Sue McHardy (Holistic Nutritionist), and their 3 great front desk staff, Leslie, Kaitlyn and Rosa. To learn more, visit www.cefamilychiro.com or call (905) 584-2250.
The Vetere Team has had the pleasure of working with Caledon East Family Chiropractic, and our experience has been nothing short of exceptional. Their professionalism, expertise, and genuine care is shown by the entire team. Their commitment to health and wellness is evident in their approach, ensuring that every visit is a positive and rewarding experience. We highly recommend their services to anyone seeking top-tier chiropractic care in a supportive, friendly environment. Wishing you all the best in your future endevours the community is lucky to have you!
Caledon East Family Chiropractic
15891 Airport Road905-584-2250cefamilychiro.com@cefamilychiro
