TRENDING: How An Ottawa Office Conversion Ended Up In Receivership

Non-Resident Speculation Tax

The Non-Resident Speculation Tax (NRST) is an Ontario tax on foreign buyers of residential properties to curb speculation and support affordability.

Non-Resident Speculation Tax

September 30, 2025


What is the Non-Resident Speculation Tax?

The Non-Resident Speculation Tax (NRST) is a provincial tax in Ontario applied to the purchase of residential properties by foreign buyers. Initially introduced in the Greater Golden Horseshoe region, it has since been expanded province-wide. The NRST is an additional percentage of the purchase price, charged on top of land transfer taxes.

Why the Non-Resident Speculation Tax Matters in Real Estate

The NRST matters in real estate because it is designed to curb foreign speculation and stabilize housing markets by discouraging non-resident ownership. It raises government revenue while aiming to improve affordability for local buyers.

Example of the Non-Resident Speculation Tax in Action

A non-resident investor purchases a $1,000,000 home in Toronto. They must pay the standard land transfer tax plus the NRST at the applicable rate, adding tens of thousands to closing costs.

Key Takeaways

  • Applies to foreign buyers of Ontario residential property.
  • Charged as a percentage of the purchase price.
  • Aims to reduce speculation and increase affordability.
  • Introduced in GGH region, expanded province-wide.
  • Significant additional cost for non-resident buyers.

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

More For You

Amazon-Leased Ajax Facility Listed As Part Of 3-Building Industrial Portfolio

Amazon-Leased Ajax Facility Listed As Part Of 3-Building Industrial Portfolio

789 Salem Road North, 689 Salem Road North, and 210 Kerrison Drive East in Ajax, Ontario. (Colliers)

Markets speak, and the commercial real estate market in the Greater Toronto Area is indicating that there is a demand for institutional-grade industrial properties, according to yet another new listing for a high-profile industrial property that came online this week.

After a TELUS-leased industrial property and a Tesla-leased industrial property were listed in recent weeks, this time around it is an industrial property leased to Amazon, among others.

Keep ReadingShow less

GTA High-Rise Sales Sink To A September Record Low

GTA High-Rise Sales Sink To A September Record Low
Toronto

Builders in the Greater Toronto Area sold 820 new low-rise homes in September, 17% above the 10-year average for the month. It’s the sixth month in a row low-rise sales have cleared that bar, which covers every month since the HST rebate program launched.

High-rise went the other way. Just 129 new high-rise units sold in September, according to new figures from the Building Industry and Land Development Association (BILD) and Altus Group, BILD’s official source for new home market data. That’s the lowest September on record for the segment, down 40% from September 2025 and 90% below the 10-year average. (BILD’s high-rise category includes units in low-, medium- and high-rise buildings, plus stacked townhouses.)

Keep ReadingShow less

Feeling Creative? Good Bones Hit The Trinity Bellwoods Market

Feeling Creative? Good Bones Hit The Trinity Bellwoods Market

realtor.ca

Our typical listing spotlight features the standard bells and whistles, including savvy staging. But sometimes, all it takes to make the eyes (and heart) linger is a bare-bones set of photos and a strong foundation.

This is the case with 13 Euclid Avenue. Tucked north of Queen, just around the corner from Trinity Bellwoods Park, this duplex — asking $999,700 — hits the market with its upper levels presenting as a clean state. With no staging, renderings, or AI imaginings (phew), the home can’t hide.

Keep ReadingShow less

Canada’s Approved-But-Unstarted Homes Climb As Starts Slide

Canada’s Approved-But-Unstarted Homes Climb As Starts Slide
Shutterstock

Canada Mortgage and Housing Corporation (CMHC) counted 143,929 homes in September that have approved building permits and no construction started.

That count, reported alongside CMHC’s figures for centres of 50,000 or more, rose 1.1% from August.

Keep ReadingShow less

Ahead Of BC Election, UDI, Housing Central Push For Four Actions

Ahead Of BC Election, UDI, Housing Central Push For Four Actions
EJ Yao/Unsplash

On October 13, the Urban Development Institute (UDI), BC Non-Profit Housing Association (BCNPHA), Aboriginal Housing Management Association (AHMA), and Co-operative Housing Federation of BC (CHFBC) — the latter three of which are together known as Housing Central — published a joint news release “calling on every party in the provincial election to commit to bringing down the cost of building homes” as Election Day nears.

UDI is the group that lobbies on behalf of private developers while the Housing Central partners represent the non-profits, Indigenous housing providers, and co-ops in the community housing sector.

Keep ReadingShow less

Expert: Canada’s Homes Got Cheaper In September, But Buyers Still Pulled Back

Expert: Canada’s Homes Got Cheaper In September, But Buyers Still Pulled Back

Canadian homes got cheaper in September. Buyers responded by purchasing fewer of them. A falling price is welcome, but it does little for a household whose mortgage approval no longer covers the home.

There were 36,657 residential sales in September, 7.7% fewer than a year earlier. Sales fell 2.3% from August after seasonal adjustment, so the decline went beyond the usual seasonal change.

Keep ReadingShow less

New Barrie Condo Blends Several Strategies To Create Affordability

New Barrie Condo Blends Several Strategies To Create Affordability

405 Essa

While some condo developers are pivoting to purpose-built rentals or opting to build larger, more expensive units amid a sluggish condo market, one Barrie developer is harnessing modular and standardized construction techniques, alongside housing incentive programs, to bring affordability back to the condo market.

“Own a condo for less than rent” promises Sean Homes’s 405 Essa project, slated for the west side of Essa Road, just north of the Ferndale and Veterans Drive intersection in south Barrie. It’s an impressive offer, with monthly payments, including mortgage, taxes, and condo fees starting at just $1,500 for a $249,990, 375-sq.-ft pre-construction studio.

Keep ReadingShow less

How Olivia Chow And Brad Bradford Plan To Address Toronto’s Housing Woes

How Olivia Chow And Brad Bradford Plan To Address Toronto’s Housing Woes

Incumbent Mayor Olivia Chow (Facebook), City Councillor Brad Bradford (City of Toronto)

As the October 26 Toronto mayoral election approaches, the city’s housing and affordability crisis remains one of the most pressing issues among voters, and for good reason.

Fewer than 1 in 6 Torontonians can afford to buy a home in the city, minimum wage workers have to work 145 hours per month to afford the average asking rent for a one-bedroom apartment, and while the city pledged to facilitate 285,000 new homes by 2031 in 2022, it’s only achieved 32% of that goal as of this August.

Keep ReadingShow less
Privacy PolicyAbout UsTerms of UseAdvertise with UsJobsContact UsRSS Feed
All rights reserved SiteMedia © 2026.