Sentences with phrase «foreign buyers»

Both provinces have implemented a 15 per cent foreign buyers tax as a partial solution.

Meanwhile, the fraction of foreign buyers who purchased in a resort area declined 14 percent from 22 percent in 2008.

Those changes included a 15 % tax on foreign buyers as well as new rules around vacant properties.

There are also rebates for foreign buyers who have children attending school here, as well as those that will become citizens.

So how can real estate professionals hoping to work with foreign buyers move forward with confidence?

You may want to consider how many visits Canadian real estate listings got last year from foreign buyers.

But here's the thing: The report only examines condo purchases by foreign buyers.

This program successfully connects suppliers with qualified foreign buyers who display interest in buying their product.

The board says foreign buyers represent a small part of the real estate market and the decline has more to do with potential homebuyers waiting to see how market conditions evolve.

The picture is more mixed for foreign buyers coming here.

More than two - thirds (69 %) or agents surveyed said that there has been an increase in foreign buyer activity over the same 10 - year period.

One that dominated media headlines in 2016 was the impact foreign buyers had on Canadian housing prices.

A weaker dollar may also be necessary to attract foreign buyers.

A 15 percent foreign buyers tax and vacant homes tax were introduced this year.

The levy, effective immediately, targets foreign buyers who are flipping properties or using real estate to park cash.

And if foreign buyers want to sell because of currency worries, prices would fall.

The conference seemed to be the perfect venue to find foreign buyers.

However, foreign buyers do have to pay a 25 percent withholding tax on rental income that, unlike for Canadian property owners, is usually taken off the monthly rent.

Including additional information that impacts their everyday life can help foreign buyers prepare and adjust to life in a new country.

Possible foreign buyers have worked under the assumption that the Big 3 can not be bought.

The market has been of particular interest to Chinese companies and other foreign buyers.

Also, make sure your advertising directs foreign buyers to a Web page that's geared specifically to them.

A majority of foreign buyers over the past year purchased a single - family home, and nearly half bought in a suburban area.

The definition of foreign buyer appears to include international students and temporary foreign workers.

Foreign buyers typically purchase more expensive properties than resident home buyers and favor all - cash purchases.

One former broker said foreign buyers often pay too much, believing there are multiple offers.

Foreign buyers actually raise house prices, thus helping boomers, who are more likely to be homeowners, and hurting millennials, who are more likely to be looking for a first home.

Let's start with this major caveat: Foreign buyer real estate data is not good.

However, there are additional disclosure requirements for foreign buyers using cash in some cities.

This is likely going to push foreign buyers further up the curve looking for yield, I believe.

One way foreign buyers have used bare trusts to avoid paying Canadian tax is to create a company that owns the bare trust, where the property is held as an asset.

Among all major foreign buyers, Mexican and Canadian buyers were the most likely to purchase property in a rural area.

Foreign buyers now account for nearly 25 percent of acquisition activity in gateway office markets, up from 9 percent as of the third quarter of 2009.

Yes, the BC foreign buyer tax is important.

Knowledge to understand the opportunities available when considering adding foreign buyers on as clients.

Despite the focus on foreign buyers demand for listed houses, their effect on the inventory of current houses for sale could be just as important.

By far, the largest group of foreign buyers were Canadian — accounting for nearly 25 % of those property purchases.

If you need someone to translate for you when working with foreign buyers, make sure you can truly trust them to communicate on your behalf.

Increasing property prices have also generated interest in the area as a destination for foreign buyers, particularly those in the market for premium investment properties.

Brokers also say foreign buyers are more active now than they were during the peak of the market a few years ago.