Sentences with phrase «foreign buyers who»

[1] Among foreign buyers who purchased property in April 2016 — March...

In markets such as Orlando and Miami, the high proportion of cash sales is also being driven by foreign buyers who are looking for a place to park some of their savings.

I'm sure there will be some foreign buyers who figure out how to skirt the rules, but it's the best the Ontario Liberals could have done and should help slow the rapid price appreciation at least a bit.

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

The government's most anticipated measure involves cracking down on foreign buyers who used loopholes to avoid paying taxes on real estate speculation.

Everyone who sells their primary residence will have a new obligation to report the sale to the CRA, however the change is aimed at preventing foreign buyers who buy and sell homes from claiming a primary residence tax exemption for which they are not entitled.

The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes.

Australia very recently doubled property taxes for foreign buyers who keep their homes unoccupied for more than six months of the year.

Foreign buyers who primarily reside abroad accounted for 69 percent of MIAMI foreign buyers compared to 42 percent nationally.

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

Only 10 % of realtors in Toronto received calls from foreign buyers who were previously looking at Vancouver, since that city imposed its strict rules to curb foreign investment.

The surtax would target foreign buyers who don't contribute to the local labour market, as well as wealthy Canadian citizens who have «aggressively evaded taxes,» the report said.

Everyone who sells their primary residence will have a new obligation to report the sale to the CRA; however, the change is aimed at preventing foreign buyers who buy and sell homes from claiming a primary residence tax exemption for which they are not entitled.

«I've had calls in the last 24 hours from agents representing foreign buyers who are backing out of deals because of this new tax,» says Dinani.

The organisers estimate that the IT fair will draw 36,000 foreign buyers who may place bulk orders worth up to $ 28 billion.

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

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

Webb said he took particular offence to a tweet in which Davidoff suggested selling a home for millions of dollars was not really a hardship, and then flippantly responded to a homeowner who protested that if they did sell, it would likely be to a foreign buyer who would leave the house empty.

I can't take 90 % of my time to educate a foreign buyer who is overseas on the market here.

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.»

Antigovernment populists who deride the Ex-Im Bank as «corporate welfare» or «crony capitalism» so far have won in Congress, blocking reauthorization of the agency and forcing it since June to stop acting as lender of last resort to the foreign buyers of American - made products, from aircraft to car seats.

Housing demand is also being supplemented by bankruptcy survivors who waited out their 7 year exile joining first time buyer millennials, babyboomers, immigrants, foreign investors (Canadian and Chinese), and even gen Xers, all of whom are looking for houses for sale.

Retailers who accept payment in foreign currencies from foreign buyers understand currency risk: the prospect ending up with fewer dollars than anticipated if the foreign currency depreciates against the dollar before the sales proceeds are converted to dollars.

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.

We know a lot from various kinds of evidence: a) the experience of the real estate sector, where recent studies by Macdonald Realty and Re / Max have confirmed the dominance of foreign buyers at the top end of the market especially, as stated for years by individual realtors (accounts often denigrated as «anecdotal»); b) there is the digging of several investigative journalists, and most notably by Ian Young of the South China Morning Post who has boldly and effectively raised issues native journalists have sometimes shied from; c) academic work, including the books by Katharyne Mitchell (2004) Beyond the Neoliberal Line and David Ley Millionaire Migrants (2011).

Note that this isn't a problem with «foreign» — i.e. non-Canadian, and usually imagined to be overseas — buyers per se, it's a problem with buyers who are disconnected from the Vancouver local economy.

Vancouver Mayor Gregor Robertson, in an open letter to B.C. Premier Christy Clark, has sided with those who want to reign in wealthy foreign buyers and thereby reduce stress on Vancouver's current and future housing stock.

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.»

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

Their proposal to place funding from the foreign buyer's tax into a housing affordability fund is very much aligned with the recommendations in our platform, however the retroactive nature of such a tax could cause significant market disruptions and penalize those who made reputable deals in the past.

We're also seeing a surge in younger buyers who are gravitating toward vehicles from the»80s and»90s, both domestic and foreign.

Foreign buyers will have an easier time importing U.S. - built neoclassic vehicles if they are assigned actual VIN tags, and domestic buyers who were previously turned off by the complication of ordering a contemporary classic will be able to drive one straight off the showroom floor.

Unlike any other nonluxury sedan sold by a foreign automaker, the Toyota Avalon is available with a front bench seat and a column - mounted shifter - a layout specifically designed to attract the older buyers who favor Big Three cars.The sedan is based on the Camry sedan, Toyota's best - selling car line.The Avalon's ultrasmooth 3.0 - liter, 24 - valve, four - cam V - 6 engine and refined four - speed automatic make for an excellent drivetrain.Performance is crisp from a stop, and passing power is superb at all legal speeds.

Hildebrand says the foreign buyers and domestic investors identified in Urbanation's survey are not speculators who snap up properties looking to make a quick buck.

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.

Josh Gordon, an assistant professor at Simon Fraser University who studies the housing markets in Ontario and British Columbia, said one way to tax «non-resident speculation» would be to levy a foreign buyers tax but refund or offset it according to income tax paid in the province.

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 capital.

People like blame the foreign buyer boogeyman, but I think it's high - paid professionals like dentists and lawyers who are driving up home prices.

According to Donald, the markets that could be most affected are not necessarily Toronto or Vancouver, which are popular cities for foreign buyers and speculators who aren't as fazed by interest rates.

The government said it would introduce measures to prevent foreign buyers from bending the rules and threatened stiff fines — $ 100,000 for individuals and $ 200,000 for corporations who don't comply.

But Porter, a displaced Canadian who now specializes in Arizona vacation properties, says the backlash isn't towards foreign buyers or small investors.

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.

Now, no one is foolish enough to assume that this will eliminate all the foreign buyers from the Canadian market, but those who want to avoid paying tax on the sale of the property that they do not live in, may end up looking elsewhere to park their money.

After economic depression and worsening foreign relations, Zimbabwe developed close relationships with China who is the greatest buyer of Zimbabwe's tobacco and mining produce.

Whether you're making outbound referrals or selling to foreign buyers looking for properties in the United States, don't go it alone, say practitioners who work in the international arena.

Many of the foreign money pools typically use between 50 % and 70 % of debt to finance their acquisitions, which is a lot less than private equity buyers, ambitious and busy investors who in some cases have used upwards of 95 % in debt.

«Investor sales are trending downward due to the continued rise in prices and fewer bargains available from distressed properties coming onto the market,» says NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark. «Furthermore, Realtors ® in areas popular to foreign buyers, such as South Florida and the West Coast, are reporting tempered demand from international clients — who typically pay in cash — due to the strengthening U.S. dollar compared to foreign currencies.»

Foreigners who have bought Australian properties without proper approval have until the end of November to come forward or face penalties, the Coalition says.Under a crackdown on foreign property investment, new penalties include fines of more than $ 100,000 and up to three years jail for individuals and fines of more than $ 600,000 for companies.They will apply to foreign buyers and those who facilitate illegal property sales, including developers and real estate agents.

With immigrants and foreign business entities looking beyond the coasts, the opportunity to work with foreign buyers isn't limited to certain markets or to practitioners who travel overseas.

Even if you have few foreign buyers in your market, no one can ignore the changing demographics in this country in virtually every state and region, represented by millions of potential real estate buyers who come from different cultures and ethnicities.