Sentences with phrase «adding foreign buyers»

Not exact matches

Morneau added that Ottawa is also examining whether there is any evidence to support the notion held by some that foreign buyers are driving up home prices.

In July of 2015, Koch drove home the point in his testimony before a Senate committee about how the country's high corporate tax rate is driving U.S. businesses into the arms of foreign buyers, adding that he'll probably be the last American owner of Boston Beer.

But with Vancouver's housing market already slowing after the provincial government imposed a 15 per cent tax on foreign buyers there, the latest federal measures add another weight.

«A combination of solid job gains, above average shares of vacation and foreign buyers and little new construction being added was behind these areas» faster price growth.»

However, Davidoff added that he doesn't anticipate the tax will completely drive out foreign buyers, preventing any major drop in prices.

He adds that the recent dip in value of the Loonie has also made real estate investment in Canada a more attractive proposition for foreign buyers.

In February 2016, the provincial government added a third tier to the Property Transfer Tax, followed by a sudden implementation of a 15 % Foreign Buyers» Tax in August 2016.

He added that the province's move to control the city's overheated housing market by imposing a 15 per cent tax on foreign buyers of homes in Metro Vancouver as of Aug. 2 could reduce its bubble risk rating.

The new foreign buyer tax appears to have added to this trend by reducing foreign buyer activity and causing some uncertainty amongst local home buyers and sellers,» REBGV stated.

Source: «Foreign Buyers Lifting U.S. Home Sales,» USA Today (July 6, 2011) Read more: Asian Wealth Adds Up to U.S. Home Sale Boom

Adding to the story this month is a higher loonie, higher mortgage rates, foreign buyer withdrawal, new tax on vacant homes, and homebuyers losing interest.

GLVAR and NVAR leaders added that Las Vegas and Nevada have become increasingly popular places for foreign buyers to invest in homes and other forms of real estate.

● A request from the buyer for additional time to take advantage of a favorable currency conversion rate; for time to travel from overseas; or for time to process a foreign mortgage application that may involve added documentation to prove creditworthiness and confirm international assets.