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Whilst bigger cities have changed the laws because of an influx of foreign buyers, other provinces have made even stricter rules on the ownership of land by non-residents of Canada, i.e. provinces have imposed the Land Protection Act and the Agricultural and Reactional Land Ownership Act, which have been renewed in restrict the purchase of land ...
Still Canada has one of the world's highest rates of home ownership, which actually increased during the economic boom of the mid 2000s. In 2008, of the 12.4 million households in Canada, more than 8.5 million, over two-thirds (68.4%) owned their home, the highest rate since 1971.
Canada has ten provinces and three territories that are sub-national administrative divisions under the jurisdiction of the Canadian Constitution.In the 1867 Canadian Confederation, three provinces of British North America—New Brunswick, Nova Scotia, and the Province of Canada (which upon Confederation was divided into Ontario and Quebec)—united to form a federation, becoming a fully ...
In some provinces, census divisions correspond to the province's second-level administrative divisions such as a county or another similar unit of political organization. In the prairie provinces , census divisions do not correspond to the province's administrative divisions, but rather group multiple administrative divisions together.
With regular condominiums, the unit owner usually owns the internal unit space and a percentage of the common property; in the case of a freehold condominium (or a bare/vacant land condominium) the owner owns the land and building and a percentage of any common property shared roadways and amenities. [2]
The Personal Property Security Act ("PPSA") is the name given to each of the statutes passed by all common law provinces, as well as the territories, of Canada that regulate the creation and registration of security interests in all personal property within their respective jurisdictions.
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