Can Canadians Buy Property in Costa Rica?

Yes. Canadian citizens enjoy full property ownership rights in Costa Rica, identical to Costa Rican nationals. This applies to both residential and commercial real estate, including beachfront and maritime zone properties (via concession).

Key Advantages

• No restrictions on foreign ownership (unlike some neighboring countries).
• Clear titling system (National Registry); title insurance available.
• Property taxes low (~0.25% of registered value annually).
• Residency not required to own; but property investment can qualify for investor residency.

Due Diligence Steps

1. Hire a reputable Costa Rican attorney (notario público) – mandatory for deed transfer.
2. Verify clear title, zoning, maritime zone restrictions, HOA rules.
3. Confirm water, electricity, internet access.
4. Use escrow for fund transfer.
5. Register the deed (escritura) in the National Registry.

Costa Rica actively welcomes foreign investment; Canadians are among the largest buyer groups.