Prohibition on the Purchase of Residential Property by Non-Canadians Regulations

Marginal note:Residential property — exclusion

• 3 (1) For the purposes of the portion of the definition residential property in section 2 of the Act before paragraph (a), a property that is located in an area of Canada that is not within either a census agglomeration or a census metropolitan area is a prescribed real property or immovable.

• Marginal note:Prescribed real property or immovable

  (2) For the purposes of paragraph (c) of the definition of residential property in section 2 of the Act, land that does not contain any habitable dwelling, that is zoned for residential use or mixed use, and that is located within a census agglomeration or a census metropolitan area, is a prescribed real property or immovable.