2/4/2024 | Posted in Foreign Buyers by Russell Pearsall
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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.
... More 8/1/2023 | Posted in Luxury Real Estate by Russell Pearsall
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High-net-worth individuals are discouraged from investing in the Canadian housing market
... More 11/1/2019 | Posted in Foreign Buyers by Russell Pearsall
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The tax mimics what some provinces, including B.C., have already implemented.
... More 4/30/2019 | Posted in Canadian Housing Market by Russell Pearsall
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For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research.
... More 4/16/2019 | Posted in Toronto Real Estate by Russell Pearsall
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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 ... More
7/4/2018 | Posted in Foreign Buyers by Russell Pearsall
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Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC.
... More 4/26/2018 | Posted in Ontario Real Estate by Russell Pearsall
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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 ... More
2/9/2018 | Posted in Canadian Housing Market by Russell Pearsall
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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 ... More
12/21/2017 | Posted in Foreign Buyers by Russell Pearsall
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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
10/27/2017 | Posted in Foreign Buyers by Russell Pearsall
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Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing ... More
9/22/2017 | Posted in Foreign Buyers by Russell Pearsall
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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
9/15/2017 | Posted in Ontario Real Estate by Russell Pearsall
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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.
... More 8/30/2017 | Posted in Foreign Buyers by Russell Pearsall
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The government has perhaps its best understanding of just how influential foreign buyers are on Canada’s hottest markets, according to one big bank.
... More 7/6/2017 | Posted in Toronto Real Estate by Russell Pearsall
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New statistics released by the Toronto Real Estate Board once again confirm everyone didn't just wake up to a shortage of land overnight.
... More 7/5/2017 | Posted in Foreign Buyers by Russell Pearsall
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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
4/27/2017 | Posted in Toronto Real Estate by Russell Pearsall
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New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto.
... More 4/24/2017 | Posted in Ontario Real Estate by Russell Pearsall
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Regulatory changes that require home buyers in Ontario to provide complete information on their citizenship and place of residence take effect today.
... More 3/20/2017 | Posted in Toronto Real Estate by Russell Pearsall
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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.
... More 3/8/2017 | Posted in Foreign Buyers by Russell Pearsall
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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 Russell Pearsall
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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
2/19/2017 | Posted in Foreign Buyers by Russell Pearsall
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Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds.
... More 1/23/2017 | Posted in Real Estate Market by Russell Pearsall
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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 ... More
12/7/2016 | Posted in Real Estate News by Russell Pearsall
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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 ... More
10/28/2016 | Posted in GTA Real Estate by Russell Pearsall
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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 ... More
10/25/2016 | Posted in Ontario Real Estate by Russell Pearsall
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Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers.
... More 10/22/2016 | Posted in Toronto Real Estate by Russell Pearsall
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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 ... More
10/11/2016 | Posted in GTA Real Estate by Russell Pearsall
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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 ... More
10/4/2016 | Posted in Real Estate Market by Russell Pearsall
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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 ... More
10/4/2016 | Posted in Real Estate Investments by Russell Pearsall
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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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