Investing in Canadian residential real estate is a rough proposition these days. The average resaleby about 18% nationwide over the past year, and even if you were to buy at these lower prices, the return on investment wouldn’t be that great.
There are many, many countries where you can do better than that. But it comes with a trade-off: Most of those countries have less stable economies than Canada’s. So they key is to find a level of risk that you’re comfortable with. Montenegro’s banks generally don’t issue mortgages to foreigners, so here you will have to buy cash. Income taxes in Montenegro are among the lowest in Europe, ranging from 9% to 11%, and rental income is counted towards that.41.18; 84th highest crime rate out of 136; slightly less crime than Canada, slightly more crime than Germany.-0.15; 105th most stable country out of 194; slightly less stable than the U.S. and Argentina, slightly more stable than Jordan and Nepal.
You can get a residency permit with any purchase of real estate above US$300K, but for Canadians and citizens of other “friendly nations,” you need an investment of just US$200K to get a temporary residency permit. Currently, there are no taxes charged on rental income. There is no capital gains tax in the UAE, on housing or anything else. There is also no income tax in Dubai, though there is a social security deduction, which is 5% for locals and up to 17.5% for foreigners.
It’s possible for a foreigner to get a mortgage for a property, but it might not be the best idea. Mortgages are only available to legal residents of the country, and they come with high interest rates, above 10%.23.38; 126th highest crime rate out of 136; slightly less crime than Iceland and the Czech Republic; slightly more crime than Japan and Switzerland.-0.42; 128th most stable country, out of 194; slightly less stable than Morocco and Peru, slightly more stable than China and Brazil.