Canada Remains a Laggard in Foreign Ownership Registry
Despite growing concerns about foreign ownership of Canadian real estate, Canada has not joined a global move to create a public registry that would disclose the ownership of foreign companies that hold property.
Britain, France and a handful of other countries each agreed on Thursday to establish public registries of the beneficial owners of foreign companies that own, or intend to buy, property. So far, 12 countries have committed to setting up the registries or at least exploring the idea. Canada is not among them.