foreign buyers News and Articles | My Blog
Federal government extends foreign buyer ban until 2027
2/4/2024 | Posted in Foreign Buyers by Paul DeAdder
The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.
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Federal foreign real estate speculator tax expected to pass
11/1/2019 | Posted in Foreign Buyers by Paul DeAdder
The tax mimics what some provinces, including B.C., have already implemented.
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Majority of Canadians blame foreigners for price spikes
7/4/2018 | Posted in Foreign Buyers by Paul DeAdder
Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC.
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Foreign buyers a minuscule portion of housing market: CMHC
12/21/2017 | Posted in Foreign Buyers by Paul DeAdder
Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More
Here's what's attracting Chinese buyers to Canadian real estate despite foreign-buyer taxes
10/27/2017 | Posted in Foreign Buyers by Paul DeAdder
Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing ... More
Chinese Interest Is Up In The GTA, But They're Not Interested In Speculation
9/22/2017 | Posted in Foreign Buyers by Paul DeAdder
Some media outlets recently reported that interest in Canadian real estate among Chinese buyers increased 30 per cent in the first half of this year, compared to a ... More
There is now better foreign buyer data than ever before
8/30/2017 | Posted in Foreign Buyers by Paul DeAdder
The government has perhaps its best understanding of just how influential foreign buyers are on Canada’s hottest markets, according to one big bank.
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Foreign buyer activity in Ontario housing market about 5 per cent: government
7/5/2017 | Posted in Foreign Buyers by Paul DeAdder
Newly released figures show nearly five per cent of home purchases in Ontario's Greater Golden Horseshoe region were made by non-residents since the Liberal government ... More
41% of Chinese buyers say they want Toronto real estate for schooling: Study
3/8/2017 | Posted in Foreign Buyers by Paul DeAdder
The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate ... More
Foreigners are already heavily invested in Canada's housing market, whether they're landlords or not
2/27/2017 | Posted in Foreign Buyers by Paul DeAdder
One puzzle around the run-up in Canadian home prices is the extent to which foreign money is the driver. The idea is that rich people from places like China are buying up homes ... More
Chunk of foreign buyers locked out of market
2/19/2017 | Posted in Foreign Buyers by Paul DeAdder
Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds.
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Tax on foreign homebuyers would be 'horrible,' Toronto real estate lawyer warns
9/21/2016 | Posted in Foreign Buyers by Paul DeAdder
A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market. His warning ... More
Ontario has little choice but to tax foreign home buyers, CIBC economist warns
9/21/2016 | Posted in Foreign Buyers by Paul DeAdder
The Ontario government has little choice left but to enact a 15 per cent tax on foreign home buyers, says CIBC World Markets deputy chief economist Benjamin Tal.
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Exodus to Toronto and Seattle underway: Juwai
9/20/2016 | Posted in Foreign Buyers by Paul DeAdder
Last month’s imposition of the 15 per cent foreign buyers’ tax by the British Columbia government has spurred a mass exit of hopeful home owners from Vancouver to ... More
Big banks ease mortgage applications for foreign buyers probe reveals
9/15/2016 | Posted in Foreign Buyers by Paul DeAdder
Foreign home buyers can secure mortgages with some of Canada’s biggest lenders without proof of income according to an investigation by the Globe and Mail.
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