Sentences with phrase «by foreign buyers in»

Not exact matches

Tal says his unscientific research into the subject — consisting mainly of a recent dinner with over 20 real estate brokers and agents who deal exclusively with foreign buyers — led him to believe the number of «pure» foreign purchasers in the Canadian real - estate market is «probably much smaller than perceived by many.»

He expects the assistance for first - time buyers to soften the Metro Vancouver market's landing from sales and price declines triggered by Victoria's 15 % tax on foreign buyers in August and tighter federal mortgage rules introduced in October.

And unlike in Toronto and Vancouver, where foreign investment is viewed by some as a malevolent force driving up home prices, the market in the province is still shaky and a few more offshore buyers could be beneficial.

The group that loses out the most from the sale of residential real estate to foreign owners is everyone who works in the Vancouver area and earns Vancouver wages, but has to try to find housing in a market distorted by buyers who don't work in the Vancouver area and earn Vancouver wages.

Tal says his unscientific research into the subject — consisting mainly of a recent dinner with over 20 real estate brokers and agents who deal exclusively with foreign buyers — led him to believe the number of «pure» foreign purchasers in the Canadian real estate market is «probably much smaller than perceived by many.»

Instead of sending Indians to the target country, the Indian government encourages foreign buyers, trade representatives, and journalists to visit trade fairs, exhibitions, and companies in India by providing financial support.

Experts anticipate a mix of supply and demand levers in the B.C. NDP's new housing policy, including a speculation tax and a widening of Vancouver's foreign buyer tax, introduced by the previous Liberal government in 2016, to include more cities.

Juwai.com Vice President Byron Burley speaks to Greg Bonnel of BNN on House Money about Chinese property investor interest in Canada following tougher foreign buyer taxes, as well as policy changes by the Chinese government and central bank.

Experts anticipate a mix of supply and demand levers in the NDP's new housing policy, including a speculation tax and a widening of Vancouver's foreign buyer tax, introduced by the previous Liberal government in 2016, to include more cities.

The affordability of Greek property is also fuelling interest from Chinese residential buyers, who are already the biggest source of foreign property investors in Greece, bolstered predominantly by the Greek Golden Visa programme that launched in 2013.16

Chinese interest in Vietnam properties exploded this year too — Chinese buyer enquiries for Vietnam properties grew 442 % y - o - y on Juwai.com between January and May 2017, largely driven by its revised Law on Residential Housing (LRH) that now enables private ownership for foreign buyers.

VICTORIA — Premier Christy Clark's foreign home - buyers tax has failed to improve housing affordability and needs to be fixed by the amendments proposed by New Democrats during July debates in the legislature, writes NDP leader John Horgan in a letter sent today to the premier.

Detached homes were selling for more than $ 1.8 million in April before the province moved in to cool the market by implementing a 15 per cent tax on foreign buyers and extending rent control rules, two of 16 measures that were part of its Fair Housing Plan.

VICTORIA — Premier Christy Clark's foreign home - buyers tax has failed to improve housing affordability and needs to be fixed by the amendments proposed by New Democrats during July debates in the legislature, writes NDP leader John Horgan in a letter sent...

Home values in Vancouver, Canada, are set to rise by just 2 % in 2017, 11 % lower than this year, as the foreign buyer tax and mortgage tightening measures take hold.

A recent paper by Australia's Department of Treasury showed that foreign buyers were not to blame for the housing price surge in Australia, reports the Property Observer (5 December 2016)....

The foreign buyers» tax was one of 16 measures by the Liberal government aimed at slowing increasingly unaffordable housing in the region.

Knight Frank pointed to the foreign buyer taxes initiated in both cities, along with a move by China to tighten capital controls, for the slide down the rankings.

The market cooled following the introduction in April of new measures by the Ontario government, including a foreign buyers» tax.

A recent report by investment bank Crédit Suisse shows foreign buyers account for 25 % and 16 % of new home purchases in New South Wales and Victoria, respectively, reports Mingtiandi (28... Read more >

The US administration cited national security concerns in following the recommendation of the Committee on Foreign Investment in the US (CFIUS), which could get new powers to increase scrutiny of deals by foreign Foreign Investment in the US (CFIUS), which could get new powers to increase scrutiny of deals by foreign foreign buyers.

The US cited national security concerns in following the recommendation of the Committee on Foreign Investment in the US, which could get new powers to increase scrutiny of deals by foreign Foreign Investment in the US, which could get new powers to increase scrutiny of deals by foreign foreign buyers.

In addition to the points raised by Denis, another option is to modify the loan to equity ratio for foreign buyers.

Related Reviews: 2013 Oscar Winners: The Great Gatsby • Gravity • 20 Feet from Stardom • Frozen • Dallas Buyers Club • Blue Jasmine Best Foreign Language Film Oscar Winners: Amour • In a Better World • The Counterfeiters • Tsotsi • Babette's Feast New: The Wolf of Wall Street • George Washington • American Hustle • Mandela: Long Walk to Freedom • Inside Llewyn Davis Directed by Paolo Sorrentino: This Must Be the Place Direct to Criterion: Frances Ha • The Curious Case of Benjamin Button Foreign Films: Wadjda • Garibaldi's Lovers • Les Intouchables • Wild Strawberries • I Clowns • The Grandmaster Nine • The Tree of Life • To Rome with Love • And While We Were Here

Inspired by midsize luxury sport - utilities and stylish new sports cars and sports sedans, buyers have turned to foreign brands of vehicles this year, leaving Cadillac and Lincoln in the dust.

On a case - by - case basis, we also assist in negotiating deals with conventional publishers, book clubs, for foreign rights and translations, and bulk sales to institutional buyers, if appropriate.

The introduction of a foreign buyers» tax (the non-resident speculation tax) of 15 % that would apply on the price of homes in the Greater Golden Horseshoe region bought by individuals who are not citizens or permanent residents of Canada — or by foreign corporations.

When asked about foreign buyer activity in their area, 58 % of real estate agents believed that less than 10 % of luxury real estate purchases in the province were made by foreign buyers.

OTTAWA — A report by Canada Mortgage and Housing Corp. says home sales in Vancouver were already slowing before the plunge in recent months in the wake of a new tax on foreign buyers.

According to theRoyal LePage Carriage Trade Luxury Properties 2016 Report, Canada's luxury residential real estate market has seen a notable increase in foreign buyer activity over the last 10 years, with some realtors suggesting that more than 25 % of luxury properties now purchased by foreign buyers.

By comparison, figures released Tuesday by Vancouver's real estate board showed a 32.6 per cent drop in sales transactions compared with September 2015 — prior to a new 15 per cent provincial tax on foreign buyers that came into effect in AugusBy comparison, figures released Tuesday by Vancouver's real estate board showed a 32.6 per cent drop in sales transactions compared with September 2015 — prior to a new 15 per cent provincial tax on foreign buyers that came into effect in Augusby Vancouver's real estate board showed a 32.6 per cent drop in sales transactions compared with September 2015 — prior to a new 15 per cent provincial tax on foreign buyers that came into effect in August.

However, Paint concedes that in the luxury apartment segment (also known as the luxury condo segment0, the proportion of purchases made by foreign buyers is slightly higher.

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 201In 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 201in August 2016.

The report, titled «In High Demand» and released Monday by Ryerson University's City Building Institute, favours a tax on foreign buyers — similar to the one introduced in Vancouver last summer — but suggests it should be implemented in addition to a «progressive surtax» on expensive homes owned by people who aren't paying income tax, including people with foreign capitaIn High Demand» and released Monday by Ryerson University's City Building Institute, favours a tax on foreign buyers — similar to the one introduced in Vancouver last summer — but suggests it should be implemented in addition to a «progressive surtax» on expensive homes owned by people who aren't paying income tax, including people with foreign capitain Vancouver last summer — but suggests it should be implemented in addition to a «progressive surtax» on expensive homes owned by people who aren't paying income tax, including people with foreign capitain addition to a «progressive surtax» on expensive homes owned by people who aren't paying income tax, including people with foreign capital.

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.

Thirty - one per cent of all recent foreign buyers in Florida are Canadian, according to a report by the National Realtors Association.

The figures capture the last month in which foreign property buyers were not subject to a 15 per cent tax implemented Tuesday by the B.C. government.

Mr. Hasan cited one recent case, in which two investors paid $ 2.5 - million for side - by - side properties, then quickly assigned the contracts to a foreign buyer for $ 3 - million.

The steady rise of South Korea's currency, the won, hurt its economy in 2012 and 2013 by making its goods more expensive for foreign buyers.

New research by Ipsos Public Affairs found that while some foreign buyers did migrate across the country, fears that it was helping fuel the sizeable price gains in the city are largely unfounded.

Overall Ipsos estimates less than 2 % of realtors in the GTA represented a foreign buyer that had been scared away by B.C.'s new tax.

TORONTO — Ontario plans to help cool a hot housing market by bringing in a 15 - per - cent foreign buyer tax, expanding rent control, allowing Toronto to impose a tax on vacant homes and using surplus lands for affordable housing.

August 2, 2016: B.C.'s foreign buyer tax — Introduced by the B.C. government, this measure requires anyone buying a home in the Greater Vancouver area, who was not a Canadian citizen or permanent resident, to pay an additional 15 % tax in addition to all the existing costs associated with a real estate purchase.

In a recent note commenting on new measures introduced by the Ontario government to tame the housing market, he argues «the share of foreign buyers in the GTA is notably lower than in Vancouver.&raquIn a recent note commenting on new measures introduced by the Ontario government to tame the housing market, he argues «the share of foreign buyers in the GTA is notably lower than in Vancouver.&raquin the GTA is notably lower than in Vancouver.&raquin Vancouver.»

So, it's safe to assume that foreign buyers were put off by real estate in the Lower Mainland.

While the decline started before the 15 % tax for foreign buyers was quickly introduced by the B.C. government in early August 2016, the tax prompted homes sales activity to plunge 26 % by September, according to the Real Estate Board of Greater Vancouver.

Overheated housing markets with rampant property speculation and skyrocketing land values have resulted in restrictions on foreign buyers by two provincial governments as stories of residents and workers being pushed out of their communities abound.

In many cities hard hit by the economic downturn, foreign - born buyers are finding value and preventing further market declines.

The U.S. remains the country viewed by foreign buyers as the «most stable and secure» for real estate investment, according to 2017 survey results from the Association of Foreign Investors in Real Estate (foreign buyers as the «most stable and secure» for real estate investment, according to 2017 survey results from the Association of Foreign Investors in Real Estate (Foreign Investors in Real Estate (AFIRE).

«A majority of foreign buyers in recent years are coming from China, which surpassed Canada as the top country by dollar volume of sales in 2013 and total sales 2015,» said Hale.