Overseas Properties

Buying property abroad where you can live and run a hospitality business is another great option, after you've sold your house in Toronto. There are many great places where you can live on a much less budget than in Toronto. Some countries offer special residency programs to foreign retirees, low or no taxes. Or there are countries with high demand for hospitality services that attract a stream of tourists from around the world, where you can buy a villa for B&B or a mini-hotel.

The list of such places include: Costa Rica, Dominican Republic, Turks and Caicos, Panama, Mexico, Ecuador, Thailand, Greece, etc. Please contact me to obtain detailed information on different regions, including prices, residency rules, taxes, health care system, living expenses, etc.

Thailand

Many Canadians looking to retire abroad opt for close options such as the United States or Caribbean destinations. For retirees looking for more of an exotic setting, or for those who really want to get away from North America, Thailand is a great option. This is also a destination where a retiree can stretch their dollar. The country offers long-term and retirement visas, and has introduced amenities such as golf courses in communities targeting expatriates. There are many English-speaking expat communities in Thailand. Great warm weather year round with temperatures about 22-26 degrees Celsius. Here is what you can buy in Thailand:

Three-bedroom House in Phuket area - for $170,000 CAD
Two-storey, 3-bedroom house, 200 sq.m, lot size 400 sq.m. Located near the beach, school and golfing. Just 15-20 minutes to Laguna area and Bang Tao Beach, 35 minutes to the airport, 40-45 minutes to Phuket.

Six-bedroom modern Villa (for B&B) in Phuket - for $695,000 CAD
Two-storey, 6-bedroom villa, 550 sq.m, lot size 800 sq.m, sea view, large private swimming pool. This two storey, modern pool villa sits in a popular area of Rawai, giving you great access to restaurants and beaches, with schools and shopping within easy reach. Rawai is situated at the southernmost tip of Phuket Island.

Greece

Greece is a wonderful place to live and to run a hospitality business. Mild warm climate combined with a developed infrastructure and the high living standards makes the life in this country very comfortable and enjoyable. And, as an additional bonus, it offers a simplified process of obtaining residency by foreigners with purchasing a real estate. An influx of tourists visiting Greece every year is a driving force behind the thriving hospitality business in this country. This fact provides a great opportunity to expats who would like to earn extra income while living in Greece. Here is what you can buy in Greece:

Four-bedroom cottage in Khalkidiki - for $410,000 CAD
Two-storey cottage 150 sq.m , with private swimming pool, situated in the ecological zone Kassandra Peninsula, Halkidiki. It is just 700 m from the sea. The cottage includes 4 bedrooms that can accommodate 7-8 guests. Each floor has a separate bathroom. Close to the city. Cottage has a fantastic view to the sea and forest.

Three-storey sea shore villa on Crete Island - for $698,000 CAD
This is a 3-storey villa on Crete Island. It is situated just 50 m from the sea. Living area 140 sq.m. Lot size 1558 sq.m. The villa includes 3 bedrooms that can accommodate 5 to 7 guests. First and third floors have bathrooms; second floor contains kitchen and living room. Villa has a fantastic view to the sea and mountains. Facilities include: furnished rooms, solar panels for water heating, air conditioner, swimming pool, parking, garden, barbeque, garage, utility room.

Turks & Caicos

This is the tropical destination for couples who spent most of their vacations enjoying the Caribbean islands and all they have to offer. What's even better? Your grandkids will have no problems with the idea of spending their summers with you. When it comes to taxes, Turks & Caicos has no incomes taxes, property taxes or capital gains taxes. The country offers a program of obtaining permanent residency through investment. It requires min $300,000 investment in Real Estate. Here is what you can buy in Turks And Caicos:

Two-bedroom townhouse in Grace Bay, Providenciales - for $295,000 USD
Two-bedroom townhome, 1200 sq.feet, garden view, sits on 1 acre territory with common area pool. Only a few minutes' walk to the number one beach in the world, to restaurants, the shops, the gym, the grocery store, for your morning coffee, the bars.

Two-bedroom house at the beach, North Caicos - for $575,000 USD
Two-bedroom two-bathroom bangalow, 1840 sq.feet, ocean view. This bungalow is a prime example of the vacation haven in paradise everyone dreams of. Steps from secluded Whitby beach; on a third of an acre. This home has plenty of storage space and a practical lay out. Ceramic tiles throughout create a bright; easy to maintain floor area: and the well equipped kitchen with a generous amount of oak cabinetry is well placed in relation to the open concept living/dining area. The white Cathedral ceilings add a spacious roomy feel. The large master bedroom is equipped with ensuite 4 pc bathroom; and the wind-out windows admit a cooling breeze throughout. An ample utility room provides storage for bigger items (suitcases etc) as well as laundry appliances. Extras include satellite TV; ceiling fans in every room; washer/dryer and outdoor shower. A perfect rental or getaway!