Can a Canadian citizen buy an investment property in the USA?

Yes. Since there are no restrictions on foreign ownership of real estate, Canadian citizens residing in either the US or Canada can both buy and spend time at an investment property in the United States.

Can I get a Green Card if I buy a house in the US?

Because the act of buying a house in the US does not grant Canadians any special immigration or residency status, it also doesn’t automatically entitle you to a Green Card. On the upside, Canadian residents don’t require a Green Card to purchase a property in the US.

How long can you stay in America if you own a property?

Regardless of whether you own property in America or not, Canadian visitors can generally stay in the US—for pleasure reasons, and without a visa—for up to six months (182 days) during any consecutive 12-month period. Those six months can be back-to-back or spread over multiple visits.

Can a Canadian own rental property in the US?

Yes—Canadians can own rental property in the US. But while there are no restrictions around generating rental income from your property, you will need to apply for an individual taxpayer identification number (ITIN), report your rental income and expenses, and file a US tax return. Although it’s best to consult with an accountant, tax, or financial advisor first, investing in US real estate offers portfolio diversification and a hedge against fluctuations in Canadian currency.

Leanne Armstrong, Author at Smarter Loans

Leanne Armstrong

Leanne Armstrong is a HubSpot-certified freelance content writer specializing in business, technology and finance. As a former entrepreneur with a background in accounting and social psychology, she writes for a wide range of globally recognized organizations. Her work has appeared in publications like Forbes, Huffington Post and CanadianSME Magazine.

US Investment Property Financing for Canadians

Better still, so far as the US government is concerned, there are no restrictions for Canadian citizens wanting to purchase real estate in America. With that in mind, here’s what you should know about buying and financing an investment property in the US.