Federal government extends foreign buyer ban until 2027
2/4/2024 | Posted in Foreign Buyers by Jessi Sandhu
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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Foreign buyer ban significantly dragging down luxury market, report says
8/1/2023 | Posted in Luxury Real Estate by Jessi Sandhu
High-net-worth individuals are discouraged from investing in the Canadian housing market ...
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Federal foreign real estate speculator tax expected to pass
11/1/2019 | Posted in Foreign Buyers by Jessi Sandhu
The tax mimics what some provinces, including B.C., have already implemented. ...
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Immigration volume will fuel further housing demand
4/30/2019 | Posted in Canadian Housing Market by Jessi Sandhu
For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ...
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1 in 10 new Toronto condos are owned by non-Canadian residents
4/16/2019 | Posted in Toronto Real Estate by Jessi Sandhu
A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 and ...
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Majority of Canadians blame foreigners for price spikes
7/4/2018 | Posted in Foreign Buyers by Jessi Sandhu
Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ...
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Ontario's curb on foreign buyers appears to have worked
4/26/2018 | Posted in Ontario Real Estate by Jessi Sandhu
The impact of the Ontario’s Fair Housing on foreign buyers of the province’s real estate has been revealed by the finance ministry. Finance minister Charles Sousa ...
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Growing number of foreigners holding Canadian mortgages - CMHC study
2/9/2018 | Posted in Canadian Housing Market by Jessi Sandhu
Nearly 10% of mortgages issued in Vancouver and Toronto in 2016 went to non-permanent foreign residents aged under 25 years old, according to the Canada Mortgage and Housing ...
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Foreign buyers a minuscule portion of housing market: CMHC
12/21/2017 | Posted in Foreign Buyers by Jessi Sandhu
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 ...
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Here's what's attracting Chinese buyers to Canadian real estate despite foreign-buyer taxes
10/27/2017 | Posted in Foreign Buyers by Jessi Sandhu
Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing markets. ...
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Chinese Interest Is Up In The GTA, But They're Not Interested In Speculation
9/22/2017 | Posted in Foreign Buyers by Jessi Sandhu
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 year ...
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Foreign buyers' tax is working says Ontario government
9/15/2017 | Posted in Ontario Real Estate by Jessi Sandhu
The number of non-resident owners of real estate in The Greater Golden Horseshoe has declined since the introduction of Ontario’s Fair Housing Plan in the spring. ...
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There is now better foreign buyer data than ever before
8/30/2017 | Posted in Foreign Buyers by Jessi Sandhu
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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The Facts Behind Toronto's Most Recent Real-Estate Frenzy
7/6/2017 | Posted in Toronto Real Estate by Jessi Sandhu
New statistics released by the Toronto Real Estate Board once again confirm everyone didn't just wake up to a shortage of land overnight. ...
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Foreign buyer activity in Ontario housing market about 5 per cent: government
7/5/2017 | Posted in Foreign Buyers by Jessi Sandhu
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 ...
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Foreign Buyers or Domestic Greed? Over 121,000 Toronto Homeowners Own Multiple Homes In The City
4/27/2017 | Posted in Toronto Real Estate by Jessi Sandhu
New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto. ...
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New Ontario regulations on buyers' citizenship effective today
4/24/2017 | Posted in Ontario Real Estate by Jessi Sandhu
Regulatory changes that require home buyers in Ontario to provide complete information on their citizenship and place of residence take effect today. ...
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'Marginal' home buyers setting market value in Toronto
3/20/2017 | Posted in Toronto Real Estate by Jessi Sandhu
The most frustrated people in the Toronto area’s real estate market right now are clearly the buyers. But right behind them are many seasoned agents. ...
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41% of Chinese buyers say they want Toronto real estate for schooling: Study
3/8/2017 | Posted in Foreign Buyers by Jessi Sandhu
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 ...
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Foreigners are already heavily invested in Canada's housing market, whether they're landlords or not
2/27/2017 | Posted in Foreign Buyers by Jessi Sandhu
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 as ...
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Chunk of foreign buyers locked out of market
2/19/2017 | Posted in Foreign Buyers by Jessi Sandhu
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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Sharp increase in Americans interested in Canadian real estate
1/23/2017 | Posted in Real Estate Market by Jessi Sandhu
A new report from a leading real estate brokerage suggests many Americans who oppose incoming president Donald Trump continue showing a desire to purchase property in Canada. ...
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Foreign ownership of Canadian condos down from 2015: CMHC
12/7/2016 | Posted in Real Estate News by Jessi Sandhu
Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to a ...
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Foreign buyers have limited power in GTA condo market as sales soar
10/28/2016 | Posted in GTA Real Estate by Jessi Sandhu
Foreign buyers play a limited part in condo sales activity in the Greater Toronto Area but investors play a key role in the market according to a new report from Urbanation. ...
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Ontario will not follow B.C.'s tax on foreign homebuyers
10/25/2016 | Posted in Ontario Real Estate by Jessi Sandhu
Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers. ...
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Foreign investors home in on Toronto real estate after BC's tax measure, chart suggests
10/22/2016 | Posted in Toronto Real Estate by Jessi Sandhu
Some observers have speculated that foreign investors will turn to Toronto’s real estate market after BC tacked a 15-per-cent tax on all non-residents ...
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Three quarters of GTA residents support foreign buyer tax
10/13/2016 | Posted in GTA News by Jessi Sandhu
There is overwhelming support among residents of the Greater Toronto Area for a tax on foreign buyers, according to a poll by Angus Reid. ...
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Another reason foreign tax is not the answer in GTA
10/11/2016 | Posted in GTA Real Estate by Jessi Sandhu
While the debate continues on whether Ontario should follow BC with a tax on foreign ownership of homes in the GTA, a report highlights another issue which is driving up home ...
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Four major changes to Canada's housing rules
10/4/2016 | Posted in Real Estate Market by Jessi Sandhu
The Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low ...
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Foreign investors to switch focus: RE/MAX
10/4/2016 | Posted in Real Estate Investments by Jessi Sandhu
Foreign investors, deterred from Vancouver’s residential property market by the 15 per cent tax, are likely to increasingly focus on commercial real estate. ...
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