According to CLIC Inmobiliaria, Canadians can buy in the Dominican Republic on the same terms as locals, with apartments starting from US$54,000 and closing costs of 5–7%.
According to CLIC Inmobiliaria, foreign buyers, including Canadians, face no legal restrictions when purchasing property in the Dominican Republic. An apartment, house, villa or land can be bought on equal terms with Dominican citizens, with no residency, visa or special permit required. The two documents named are a valid passport and the RNC, the Dominican tax ID issued by the DGII. The source notes that a purchase can be made remotely through a notarized power of attorney, allowing a legal representative to obtain the RNC, sign the contract and register the title. CLIC lists entry prices based on its active inventory (updated September 2026). Apartments start from US$54,000 in Bayahibe, described as the most affordable beach area, and from US$67,000 in Punta Cana (villas from US$74,000). Other starting prices: Santo Domingo (Distrito Nacional) from US$69,000, Bávaro from US$85,000, Puerto Plata from US$119,000, Las Terrenas from US$129,000, and Cabarete from US$165,000 for apartments (villas from US$300,000). These are 'from' prices, not averages. Buyers should budget an extra 5–7% on top of the price, according to CLIC. That covers a 3% transfer tax (waived when the project has CONFOTUR status), 1–2% legal fees, and notary and registration costs. On the Canadian side, the source says foreign property must be reported on Form T1135 when its total cost exceeds CAD$100,000, although personal-use property such as a vacation home is generally excluded. The rules depend on individual circumstances, so a Canadian accountant should be consulted, especially for rental plans. CLIC also states that Dominican banks lend to non-residents, typically financing 50–70% of the property value against full income documentation. Purchases reaching US$200,000 (one or several properties) qualify for residency by investment under Decree 631-11: an initial one-year card, then four-year renewals, with a path to naturalization. This article is informational and does not constitute legal or tax advice.