Scenic aerial view of the Meuse River running through Namur, Belgium, surrounded by colorful houses and green landscapes.

large_Namur, Belgium -Guide for Canadians Buying Property in Belgium.jpg

medium_Namur, Belgium -Guide for Canadians Buying Property in Belgium.jpg

small_Namur, Belgium -Guide for Canadians Buying Property in Belgium.jpg

thumbnail_Namur, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Namur, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Sunset view of Brussels’ Mont des Arts garden with manicured flowerbeds, statues, and historic buildings in the background.

large_Brussels, Belgium -Guide for Canadians Buying Property in Belgium.jpg

medium_Brussels, Belgium -Guide for Canadians Buying Property in Belgium.jpg

small_Brussels, Belgium -Guide for Canadians Buying Property in Belgium.jpg

thumbnail_Brussels, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Brussels, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Picturesque medieval architecture of Ghent, Belgium, with a rainbow arching over the city’s iconic St. Nicholas’ Church and cobblestone bridge.

large_Ghent, Belgium -Guide for Canadians Buying Property in Belgium.jpg

medium_Ghent, Belgium -Guide for Canadians Buying Property in Belgium.jpg

small_Ghent, Belgium -Guide for Canadians Buying Property in Belgium.jpg

thumbnail_Ghent, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Ghent, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Historic guild houses and the Brabo Fountain at the Grote Markt (main square) in Antwerp, Belgium, during a sunny day.

large_Antwerp, Belgium -Guide for Canadians Buying Property in Belgium.jpg

medium_Antwerp, Belgium -Guide for Canadians Buying Property in Belgium.jpg

small_Antwerp, Belgium -Guide for Canadians Buying Property in Belgium.jpg

thumbnail_Antwerp, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Antwerp, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Charming canal-side view of Bruges, Belgium, with colorful medieval buildings and a tall clock tower under a bright blue sky.

large_Bruges, Belgium -Guide for Canadians Buying Property in Belgium.jpg

medium_Bruges, Belgium -Guide for Canadians Buying Property in Belgium.jpg

small_Bruges, Belgium -Guide for Canadians Buying Property in Belgium.jpg

thumbnail_Bruges, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Bruges, Belgium -Guide for Canadians Buying Property in Belgium.jpg

Guide for Canadians Buying Property in Belgium

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/Buying_Property_in_Dominican_Republic_neww_8c9cb4521d_b82b483f08.webp" alt="A scenic beach view in the Dominican Republic with palm trees, white sand, and boats floating in turquoise waters."><figcaption>Punta Cana, Dominican Republic</figcaption></figure>Looking to buy property in the Dominican Republic as a Canadian? Learn more about the process, including where to start, how to pay for it, and how to get the best value on your overseas money transfer.If you want to buy property abroad, the Dominican Republic might pique your interest as the second largest and most geographically diverse West Indies country. According to one study, the Dominican Republic is the most popular Caribbean nation, with its stunning tourist attractions, friendly people, and colourful environment.Hearing all the good things about the Dominican Republic might prompt you to choose this country over others for your property purchase. This article explains the buying process for Canadians and how to get better value from your hard-earned money when paying for your property. It will also help you find the best place to buy property in the Dominican Republic.<h2>Why buy property in the Dominican Republic as a Canadian?</h2>The Dominican Republic occupies the more significant portion of the Caribbean Island of Hispaniola, which it shares with Haiti. There are many incentives for Canadians buying property in the Dominican Republic, including:<ul><li style="text-align:justify;">Flexible real estate market: You can find something to suit your budget, whether you’re looking to spend $70,000, $10 million, or somewhere in between. Options include single-family homes, condos, villas, and gated communities with low property taxes.</li><li style="text-align:justify;">High-income potential: The Dominican Republic&nbsp;is the star attraction in the Caribbean, and owning rental property could mean a higher occupancy rate and ROI.</li><li style="text-align:justify;">Beautiful environment: The Dominican Republic is a dynamic place with high mountains, green valleys, breathtaking beaches, world-class resorts, and diverse parks.</li><li style="text-align:justify;">Outdoor activities: If you’re planning to join the Canadian expat community, you can enjoy various outdoor activities such as golfing, hiking, caving, mountain biking, river rafting, surfing, excellent whale watching, wind sports, diving, and snorkelling.</li><li style="text-align:justify;">Easy accessibility: The government is foreign investment friendly, and there are no restrictions on buying property in the Dominican Republic. In addition, the international airports are close with convenient connecting flights to Canada.</li></ul>There are plenty of other reasons to tap into the real estate market in the Dominican Republic. You can enjoy the inclusive culture, the tropical climate, and one of the fastest-growing economies, whether you’re a small-time investor or interested in a multi-million-dollar project.&nbsp;<figure class="image"><a target="_blank" href="https://www.mtfxgroup.com/overseas-transfers/?source=ol&amp;from=CAD&amp;to=USD"><img src="https://content.mtfxgroup.com/uploads/Get_Started_1200_x_500_px_1200_x_300_px_8_28abf1842b_22e4a8a456.png" alt="MTFX banner promoting bank-beating exchange rates with no transfer fees and expert support, featuring a 'Compare Rates' button"></a></figure>&nbsp;<h2>What are the best places to buy property in the Dominican Republic?</h2>If you’re interested in buying a rental property or a vacation home in the Dominican Republic, here are some of the best places to buy Dominican Republic real estate for Canadians. This beautiful and diverse country could be a suitable investment, whether hosting long-term rentals or enjoying your getaway.<h3>Punta Cana</h3>Punta Cana is one of the most famous destinations in the Dominican Republic, known for its pristine beaches, luxury resorts, and vibrant tourism industry. The area offers many property options, from beachfront condos to upscale villas. It is an ideal location for those seeking a tropical lifestyle or investment property with high rental potential.<h3>Cabarete</h3>Cabarete is a paradise for water sports enthusiasts, renowned for its excellent windsurfing and kitesurfing conditions. This laid-back beach town offers affordable, luxury real estate, including beachfront condos and villas. It’s perfect for investing in a vibrant, active community with a strong expat presence.<h3>Santiago</h3>Santiago, the second-largest city in the Dominican Republic, is the cultural and economic hub of the Cibao Valley. The city offers a mix of modern amenities and a rich history, with real estate options ranging from urban apartments to suburban homes. It’s an excellent choice for those seeking city living with a more local feel, away from the tourist-heavy coastal areas.<h3>Santo Domingo</h3>The capital and largest city, Santo Domingo, is the country's political, cultural, and economic center. It offers diverse real estate options, from colonial homes in the historic Zona Colonial to modern condos and luxury apartments. Santo Domingo is ideal for those who want to be at the heart of Dominican life, with easy access to everything from nightlife to business opportunities.<h3>Puerto Plata</h3>Located on the northern coast, Puerto Plata is known for its beautiful beaches and historic sites, including the famous Amber Museum. The area offers a range of properties, from beachfront homes to mountain-view estates, at more affordable prices than other coastal areas. It’s an excellent location for those looking to blend beach life and cultural experiences.<h3>La Romana</h3>La Romana is home to some of the most luxurious resorts and residential communities in the Dominican Republic, including the famous Casa de Campo. The area offers high-end villas, golf course properties, and beachfront estates. It’s an ideal spot for those seeking a luxury lifestyle with access to world-class amenities like golf courses, marinas, and fine dining.<h2>How to buy property in the Dominican Republic?</h2><h3>Step 1 - Start researching</h3>The ultimate goal is to make an informed decision because the stakes are high when purchasing property overseas. Do your homework meticulously and investigate the Dominican Republic with a fine-tooth comb so you can confidently pay for your property when the time comes.<h3>Step 2 -&nbsp;Explore your options</h3>Take your research skills up a notch with a field trip to the Dominican Republic and familiarize yourself extensively with the place before buying. Explore other locations and options until you bag a big-ticket investment.<h3>Step 3 -&nbsp;Find financing</h3>The simplest way to purchase Dominican Republic property would be to pay cash for it, but if your savings don’t add up, you can explore options like:<ul><li style="text-align:justify;">Financing from a bank in the Dominican Republic, preferably a multinational one that offers cross-border mortgages to Canadian citizens (Scotiabank comes to mind)</li><li style="text-align:justify;">HELOC or cash refinance your mortgage</li><li style="text-align:justify;">Private financing from the seller</li></ul><h3>Step 4 -&nbsp;Enlist the services of a broker and lawyer</h3>The best way to buy real estate in the Dominican Republic is by working with a trusted and experienced broker. Depending on your taste and budget, they can discover the best opportunities and have the best-updated portfolios and insights.Using a lawyer with your best interests at heart is also a good idea. Your lawyer will conduct due diligence, such as obtaining essential documents from the seller (a contract of sale or purchase agreement).<h3>Step 5 -&nbsp;Begin your property ownership journey</h3>Buying a property in the Dominican Republic is a long-term commitment, and once the property is in your name, you have to work out other issues, such as rental management. You also have the option to set up an existing home or build a new one.<h2>Why does the USD/CAD exchange rate matter?</h2>The official currency of the Dominican Republic is the peso. However, the US dollar is the most convenient currency for purchasing property in the country. You get more out of your transfer when you find a better exchange rate.Otherwise, a lower exchange rate means losing a significant chunk of your money and paying more for your property than you have to. An inferior exchange rate also leads to continuous losses should you transfer smaller, regular payments to cover maintenance costs, utilities, and other long-term costs.Finding the most cost-effective way to send money from Canada to the Dominican Republic is crucial, which is why the USD/CAD exchange rate matters. Use the MTFX live rate calculator now to check how this exchange rate trends before transferring money.<h2>Where to find the best exchange rates?</h2>Banks and other traditional financial institutions can facilitate overseas transfers, but they’re not the best option because they offer less-than-competitive exchange rates and high transfer fees. They’re also not a good option if you want to send money to the Dominican Republic quickly since turnaround times can be longer than five days.The most optimal method is to use a currency specialist like MTFX, which offers competitive exchange rates (3%-5% lower than banks) and low transfer fees. Dominican real estate prices typically range from $400,000 to $600,000, meaning you can save as much as $20,000 to $30,000 when you send money via a specialist.&nbsp;<figure class="image"><a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=Guide-for-Canadians-Buying-Real-Estate-Property-in-the-Dominican-Republic&amp;_ga=2.59605549.1266076630.1726468157-283943938.1693563263"><img src="https://content.mtfxgroup.com/uploads/Copy_of_Green_and_Blue_Thin_Geometric_Lines_Finance_Report_Finance_Presentation_56_894313278d_28c5992877.png" alt="Promotional graphic asking 'Buying property in the Dominican Republic?' with a checklist of benefits and a 'Get Started' button"></a></figure>&nbsp;<h2>Paying online without going to the bank</h2>Another benefit of using a currency specialist for overseas property payments is the convenience of transacting online. When you open your MTFX account, you can skip the bank and initiate a transfer from anywhere, 24/7. MTFX’s secure online platform has automated technologies that allow you to set up regular payments without stepping into a bank branch or waiting for banking hours.<h2>Invest more in property with MTFX exchange rates</h2>With a specialist foreign exchange service, you can access competitive exchange rates, low transfer fees, and convenient online payment solutions. You can also customize your international payments experience using a wide range of <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/">FX tools</a> and personalized guidance from experts.<a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=Guide-for-Canadians-Buying-Real-Estate-Property-in-the-Dominican-Republic&amp;_ga=2.59605549.1266076630.1726468157-283943938.1693563263">Register your account</a> with MTFX today to make the most of your property purchase in the Dominican Republic.&nbsp;<hr><h2>FAQs</h2><h4>1. Can a Canadian citizen move to the Dominican Republic?</h4>Yes. Canadian citizens can move to the Dominican Republic. However, you must first meet the country's immigration requirements and comply with their immigration laws.<h4>2. What costs are associated with buying property in the Dominican Republic?</h4>A list of costs to consider when buying a property in the Dominican Republic includes the real estate agent’s fee, notary fee, annual property taxes, and transportation costs.<h4>3. Can a Canadian citizen legally buy a house in the Dominican Republic?</h4>Yes, Canadian citizens can legally buy property in the Dominican Republic. The country has no restrictions on foreign ownership of property.<h4>4. Do I need to live in the Dominican Republic to own property there?</h4>No, you do not need to live in the Dominican Republic to own property. Foreigners can own property without any residency requirements.<h4>5. Can owning property in the Dominican Republic affect my estate planning?</h4>Yes, owning property in the Dominican Republic can impact your estate planning. It's essential to consider local inheritance laws and consult with an estate planning professional to ensure your assets are handled according to your wishes.<h4>6. Is speaking Spanish necessary when buying a house there?</h4>While speaking Spanish is helpful, it's not necessary. Many real estate agents and lawyers in popular areas speak English, and you can hire translators or bilingual professionals to assist with the process.<h4>7. What are the most important factors when buying an overseas property?</h4>Factors to consider include healthcare, security, the resale market, and the community or neighbourhood.<h4>8. What’s the best way to transfer money to the Dominican Republic from Canada for my property purchase?</h4>With MTFX, you can save more with competitive exchange rates and low transfer fees when you send large amounts of money overseas. In addition, we have expert foreign exchange tools to help you navigate exchange rate fluctuations and make your investment go further. Open your account in minutes, book a great rate, and send money online with your 24/7 secure account. We’ll do the rest by delivering the funds to your recipient’s bank account in the Dominican Republic within 24-48 hours or on the same day.

large_Buying_Property_in_Dominican_Republic_neww_8c9cb4521d.webp

medium_Buying_Property_in_Dominican_Republic_neww_8c9cb4521d.webp

small_Buying_Property_in_Dominican_Republic_neww_8c9cb4521d.webp

thumbnail_Buying_Property_in_Dominican_Republic_neww_8c9cb4521d.webp

Buying_Property_in_Dominican_Republic_neww_8c9cb4521d.webp

Guide for Canadians Buying Property in the Dominican Republic

United States flag icon representing USD or U.S. payments

us.svg

Chinese flag icon representing CNY or China-based payments

cn.svg

German flag icon representing EUR or Germany-based transactions

de.svg

Japanese flag icon representing JPY or Japan-based transactions

jp.svg

Indian flag icon representing INR or India-based payments

in.svg

United Kingdom flag icon representing GBP or UK-based transactions

gb.svg

Canadian flag icon representing CAD or Canada-based payments

ca.svg

French flag icon representing EUR or France-based transactions

fr.svg

Italian flag icon representing EUR or Italy-based transactions

it.svg

 "Mexican flag icon representing MXN or Mexico-based payments

mx.svg

Swiss flag icon representing CHF or Switzerland-based transactions

ch.svg

Hong Kong flag icon representing HKD or Hong Kong-based payments

hk.svg

Australian flag icon representing AUD or Australia-based transactions

au.svg

Singapore flag icon representing SGD or Singapore-based payments

sg.svg

United Arab Emirates flag icon representing AED or UAE-based transactions

ae.svg

Spanish flag icon representing EUR or Spain-based transactions

es.svg

Polish flag icon representing PLN or Poland-based transactions

pl.svg

South African flag icon representing ZAR or South Africa-based payments

za.svg

New Zealand flag icon representing NZD or New Zealand-based transactions

nz.svg

Turkish flag icon representing TRY or Turkey-based payments

tr.svg

European Union flag icon representing EUR or EU-wide transactions

eu.svg

With MTFX, you can send money to over 190 countries in 50+ currencies—quickly, securely and at competitive rates.

Popular currencies and destinations for sending money from Canada

Create an account in minutes and make a transfer today.

blogs-cta-A

Send money abroad

Experience seamless global payments and discover how simple money transfers can be.

blogs-cta-B

Best rates, low fees, and quick transfers

Access tools to help you track, manage, and simplify your global payments.

Person typing on a laptop displaying a world map with glowing connection points, symbolizing global communication, data flow, or international money transfers.

medium_11523056 (1).webp

small_11523056 (1).webp

thumbnail_11523056 (1).webp

11523056 (1).webp

blogs-cta-C

Stay connected Keep updated Make informed decisions

MTFX’s rates are fair and transparent, which can save you thousands on your currency transfers. The rate you receive is based on the interbank market rate and, because we transact large volumes, we pass on the savings to our clients. Compare our rates to those of your bank and see what the difference really is. you will be surprised at how much you can save.

Why are MTFX’s rates so competitive?

We maintain a low, standard transfer fee of $15 for transactions less than $10,000. Any transactions over $10,000 will have no fees. Compare this fee with that of your bank, which will typically charge you $40-50 in transfer fees.

What does MTFX charge to send money transfers?

Dealing with MTFX is easy. Simply register with us online for instantaneous access to our online dealing platform. After you complete your registration, an MTFX currency specialist will call you to discuss your transfer and make sure the platform is set up and customized to meet your needs. For more information about our online platform, <a href="https://www.mtfxgroup.com/transfer-money/?_ga=2.192877219.829883386.1726729097-1644942358.1714661560">click here</a><a href="https://beta.mtfxgroup.com/transfer-money/">.</a> You can book your exchange rates with us 24/7, manage your beneficiaries, and send funds seamlessly from any device. We have made it that simple!

What is the process of working with MTFX?

Yes, MTFX supports both personal and business transfers, providing tailored solutions for a variety of transfer needs.

What things to consider when buying overseas property?

Yes, creating an MTFX account is quick and easy, giving you access to secure, efficient transfer options and additional services.

What countries does MTFX support for property purchase transfers?

What documents do I need to transfer money for buying property?

Frequently asked questions

Your daily snapshot of the Canadian dollar’s performance and events influencing its value.&nbsp;

Man using a tablet in a modern kitchen with city skyline view, representing convenient access to competitive exchange rates with MTFX.

image 61 (1).svg

Canadian Dollar Daily Update

Explore the week ahead with insights into trends shaping the Canadian dollar’s trajectory.

Canadian Dollar Weekly Outlook

Get a comprehensive forecast of the Canadian dollar’s movements for the month.&nbsp;

Canadian Dollar Monthly Update

Read our latest FX forecasts

Your money goes further with our competitive rates and transparent pricing.

newsletter-default

Save more with every transfer

Discover global trends, inspiring customer stories, and how to make the most of your international money transfers.

Blogs

Track key currency movements and plan your transfers with confidence.

Key economic events, announcements, and news.

Economic Calendar

Daily Currency Performance

Monthly Currency Performance

FX Daily

FX Weekly

CAD Forecast

USD Forecast

Weekly Currency Performance Table

Stay ahead of the markets with daily and weekly currency updates and monthly forecasts.

Blogs

Discover global trends, inspiring customer stories, and how to make the most of your international money transfers.

Explore

Guide for Canadians Buying Property in Belgium

Guide for Canadians Buying Property in the Dominican Republic

Currency market updates

Connect with us

Frequently asked questions

Best rates, low fees, and quick transfers