Owning property in the US?

linz06
Junior Member



Joined: 29 Dec 2007
Posts: 13
Location: Saskatchewan

Posted: Mon May 26, 2008 6:15 pm

 

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With the real estate market dropping in the states, I was wondering if there's any stipulations for Canadians owning property there? I'd like to move there (possibly Houston) on a sci tech visa, and it looks like in some cases, a mortgage may be cheaper than rent! Is there anything holding me back from buying property there?

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Steven
CanuckAbroad VIP



Joined: 28 Sep 2007
Posts: 1122
Location: Calgary

Posted: Mon May 26, 2008 9:30 pm

 

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Nothing especially. If you have two homes then the one that is not your principal residence will be subject to capital gains tax when you sell it.

On a regular B-1 or B-2 visitor entry you can generally only stay in the US for up to six months in a year, except in some limited circumstances.
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Steve.

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