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US nationals and other foreigners face no restrictions when buying property in Canada. 

The process for purchasing property in Ontario is a bit different from buying property in the US and other Provinces of Canada. Ontario has one of the toughest real estate laws in Canada. The law includes strict licensing requirements for real estate agents and the salespersons they may employ. It is important that you get a realtor that will act as your representative (Buyer's Agent). To purchase property ask your Ontario realtor to write an offer to purchase. This will have all the terms and conditions that you would like to have regarding the purchase i.e. closing, offer, deposit, inspection, insurance, what none real estate items do you want included in the deal etc. 

Your realtor will prepare the Agreement of Purchase and Sale as well as Confirmation of Co operation and any other documents. You give the seller a set time to respond to your offer. Should the seller accept your offer he/she signs the acceptance. This makes it a binding contract for both parties. If the seller is not in agreement with your terms, they may come back with a counter offer or just reject your offer and not respond. 

When a offer is accepted by both parties the deal is turned over to a lawyer which will handle all the paper work and closing arrangements. The buy and seller will arrange to have a lawyer represent them. 

When you purchase a property in Ontario the government charges a land transfer tax which is a one time property transfer tax of

All properties are assessed by the government for property tax purposes. Location, size, quality of property and buildings and other factors are considered for assessment. Who owns the property is not considered. The property tax is based on assessment and the different regions in the Province have different tax rates that may also change from year to year. Residents and non-residents pay the same rate.