Sentences with phrase «foreign real estate speculation»

Not exact matches

B.C.'s new tax has driven speculation that foreign investors may now be looking to buy properties in Toronto instead, where homes sales in the Greater Toronto Area jumped 21.5 per cent in September, according to Toronto Real Estate Board data released earlier this month.

Banks now lend mainly to other financial institutions, hedge funds, corporate raiders, insurance companies and real estate, and engage in their own speculation in foreign currency, interest - rate arbitrage, and computer - driven trading programs.

As another measure to tackle housing affordability, beginning in the 2018 tax year, the provincial government will enforce a new annual speculation tax on residential real estate targeted at foreign and domestic homeowners who do not pay income tax in BC.

«The sources of demand that are pushing prices higher are many-fold and the sources of investment speculation... in the real estate part of our economy are many-fold and more domestic than foreign.»

As citizen anger over foreign investment and skyrocketing real estate prices boils over in Metro Vancouver, Mayor Gregor Robertson has called on Premier Christy Clark to intervene in property markets with a «speculation tax.»

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