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ARTICLE · 02 APRIL 2014

Restrictions On Foreign Investment In Alberta

McCarthy Tétrault
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Another issue facing foreign investors in the Canadian real estate market are restrictions on the acquisition and ownership of land in the Prairie Provinces.

CanadaReal Estate and Construction
Brittany Weikum
Brittany Weikum
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Building on Michael's post from last week, another issue facing foreign investors in the Canadian real estate market are restrictions on the acquisition and ownership of land in the Prairie Provinces.

Alberta's Foreign Ownership of Land Regulations (the "Regulations") restrict foreign acquisition of interests in mainly rural land by the establishment of a scheme of controlled and uncontrolled land. Controlled land typically refers to farm land and ranches – the Regulations provide that controlled land means land in Alberta, excluding Crown land, land within the boundaries of a city, town, new town, village or summer village, and all mines and minerals. The Regulations do not apply to uncontrolled land, which mainly encompasses urban centres in Alberta.

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