2/4/2024 | Posted in Foreign Buyers by Terra Realty
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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
11/1/2019 | Posted in Foreign Buyers by Terra Realty
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The tax mimics what some provinces, including B.C., have already implemented. ... More
7/4/2018 | Posted in Foreign Buyers by Terra Realty
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Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ... More
12/21/2017 | Posted in Foreign Buyers by Terra Realty
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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 Terra Realty
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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 markets. ... More
9/22/2017 | Posted in Foreign Buyers by Terra Realty
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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 year ... More
8/30/2017 | Posted in Foreign Buyers by Terra Realty
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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
7/5/2017 | Posted in Foreign Buyers by Terra Realty
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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
3/8/2017 | Posted in Foreign Buyers by Terra Realty
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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 Terra Realty
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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 as ... More
2/19/2017 | Posted in Foreign Buyers by Terra Realty
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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
9/21/2016 | Posted in Foreign Buyers by Terra Realty
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A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market. His warning ... More
9/21/2016 | Posted in Foreign Buyers by Terra Realty
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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. ... More
9/20/2016 | Posted in Foreign Buyers by Terra Realty
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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
9/15/2016 | Posted in Foreign Buyers by Terra Realty
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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. ... More
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