US Citizen buying property in Alberta, Canada

[T Payne]

I'm a US Citizen who's looking to buy a condo in Calgary/Edmonton, Canada.   Also, I would like to use the condo as an investment property (i.e. rent it out long term). 

- Can i use a US Bank to finance the property in Canada?

- What tax considerations do i need to be aware of for a rental property in Canada?

- Is it a painful process?

If anyone has gone through this process, please do share the details/resources with me. Thanks

[Hai Loc]

Ontario has 15% foreign tax on real estate.. You should check if there are any implications in Alberta. 

There are so many different strategies that the US have that Canada doesn't  I recommend you to buy in other states instead of Canada