What is the Non-Resident Speculation Tax (NRST) impact?

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| Region    | Tax Name               | Rate                | Applicability                              |
|-----------|------------------------|---------------------|--------------------------------------------|
| Ontario   | Non-Resident Speculation Tax (NRST) | 25%                | Province-wide, applied upfront at closing. Exemptions may apply for certain international students, foreign workers, and refugees. |
| BC        | Speculation Tax        | 0.5% to 2%          | Specific regions (Greater Vancouver, Victoria, and others); rate depends on residency status and property type. |

The NRST is intended to deter non-resident investors from purchasing residential real estate in Ontario. Exemptions and rebates are available for certain buyers, such as international students, foreign workers, and refugees who meet specific criteria. The BC Speculation Tax is separate and applies at a lower rate, depending on the owner's residency and property use.

What is the Non-Resident Speculation Tax (NRST) impact?

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Non-Resident & Expat Mortgages in Canada: 2026 Complete Guide (Down Payments, Foreign Buyer Ban, NRST & Tax Rules)

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What is the Non-Resident Speculation Tax (NRST) impact?

Need a Deeper Breakdown?

Technical Research Verification

Non-Resident & Expat Mortgages in Canada: 2026 Complete Guide (Down Payments, Foreign Buyer Ban, NRST & Tax Rules)

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What documentation is typically required for a mortgage application, and how might this differ for a 'straight switch'?

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