Estimated reading time: 2 minutes
Key Takeaways
- Non-residents buying property in Whistler cannot refinance with Canadian banks after a cash purchase due to FINTRAC regulations.
- The Canadian bank does not know the source of the original funds at the time of refinancing.
- FINTRAC is responsible for preventing money laundering and requires compliance from all real estate professionals in Canada.
- Refinancing exists for Canadian citizens, but non-residents, even if they have Canadian citizenship, need professional advice before making offers.
- For assistance in buying real estate in Whistler, contact Marion Anderson.