How to Buy Property in Spain as a Canadian – Complete 2026 Guide

Everything you need to know: NIE, deposits, contracts, mortgages, notary signing and the real costs — explained clearly.

How to buy property in Spain as a Canadian is a common question among buyers looking for better lifestyle value, lower living costs and a safe investment in Europe. In this guide, we explain the full buying process step by step, including how to obtain your NIE number, open a Spanish bank account, understand real costs and complete the purchase with full legal security.

Why Canadians Are Buying Property in Spain

Buying in Spain is becoming a popular alternative for Canadians looking for better lifestyle value, lower monthly costs and a sunnier climate.
On the Costa Blanca you can find excellent properties from €150,000 and new build homes from €250,000.

Step 1: Get Your NIE Number (Essential)

The NIE (Número de Identidad de Extranjero) is mandatory for buying property in Spain.
You’ll need it to sign contracts, open a bank account and pay taxes.

Step 2: Open a Spanish Bank Account

A Spanish bank account is needed for deposits, taxes, utilities and ongoing expenses. Most banks may request proof of address and source of funds (standard compliance).

Step 3: Choose the Right Property (With Fuster & Co)

Spain offers a wide range of options: apartments, new builds, villas and investment properties.
A local agency helps ensure legal checks, transparent costs and the right fit for your goals.

Step 4–5: Make an Offer, Reservation & Private Contract

Once you choose a property, a reservation deposit is usually paid to secure it.
Then legal checks are completed and a private purchase contract is signed (often around 10% of the price, minus the reservation).

Can Canadians Get a Mortgage in Spain?

Yes — Canadians can access mortgages in Spain as non-residents.
Typical financing ranges from 60–70% of the property value, and terms depend on profile and age.

Final Signing at the Notary

The final step is signing the deed (Escritura) at a Spanish notary. This is when the remaining balance is paid and you receive the keys.

Costs & Taxes When Buying in Spain

Costs vary depending on whether the property is new build or resale. You should also consider notary, registry and legal fees.
A professional agency will explain all costs before you commit — no surprises.

Fuster & Co Inmobiliaria
Local experts on the Costa Blanca · Multilingual team · Transparent guidance

For many buyers, understanding how to buy property in Spain as a Canadian removes uncertainty and makes the process far more approachable. With the right guidance, Canadian buyers can complete the purchase smoothly and securely.

Is Buying Property in Spain Safe for Canadians?

Yes, buying property in Spain is safe for Canadians when the process is handled correctly. Spain has a well-regulated legal system, mandatory notary oversight and a transparent land registry. Working with a local real estate agency ensures that all documentation is checked, debts are cleared and the property is legally registered in the buyer’s name.

Canadian buyers benefit from the same legal protection as any other foreign purchaser. With professional guidance, the process is clear, structured and free of surprises.

How Long Does the Buying Process Take?

The buying process in Spain typically takes between 6 and 10 weeks, depending on the property type and whether financing is required. New build purchases may follow a staged payment plan, while resale properties can often be completed faster.

Most steps can be handled remotely if needed, making it convenient for Canadian buyers who are not permanently in Spain.