Promises to solve
this foreign ownership data vacuum are welcomed by industry and policy stakeholders and if championed by the new Liberal government, will provide an essential step in the creation of appropriate policy responses.
Not exact matches
This year, the government announced a much bigger investment geared toward collecting housing
data — $ 300 million over the next decade, including $ 39.9 million to study
foreign ownership.
Name a burning issue in the Canadian telecom business — wireless
data rates, cable unbundling, media competition,
foreign ownership — and Jean - Pierre Blais is probably involved.
It is APF Canada's belief that a constructive and inclusive dialogue on the issue of
foreign ownership of residential real estate in Vancouver be predicated on hard
data and corroborative facts.
According to the BCREA, current available
data would suggest that
foreign ownership accounts for considerably less than five per cent of the housing stock in Metro Vancouver, and no more than five per cent of current sales.
(10) Nonetheless, the report also mentions that Australia's current system of
data collection suffers from weaknesses that may result in an underestimation of
foreign ownership.
The shadow
foreign minister Helen Goodman said the investigations had exposed the inadequacy of a system whereby beneficial
ownership data was only accessible to regulators.
Actually, this lack of information was the impetus behind CMHC's decision to start collecting
data on
foreign ownership in condo purchases.
The
data from CMHC suggests that the
foreign buyer tax in both provinces has shifted
foreign ownership to other parts of the country.
While
foreign - born U.S. residents have a higher rate of business
ownership,
data also shows that these individuals have a lower amount of sales, employees, and payroll.
Economists welcome Harper promise to collect
foreign real estate investment
data A better understanding of international investors and where they are buying in Canada is called «very positive» but no one is uncertain what the
data will be used for, if
ownership rules will be brought in place.