Sentences with phrase «of foreign home buyers»

A large share of foreign home buyers — nearly than 46 percent, according to NAR's research — pay cash for their U.S. property.

It's hard to know, though, how much a presumed exit of foreign home buyers from the Canadian market actually matters.

Not exact matches

In July of 2015, Koch drove home the point in his testimony before a Senate committee about how the country's high corporate tax rate is driving U.S. businesses into the arms of foreign buyers, adding that he'll probably be the last American owner of Boston Beer.

In its report, Market Implications of Foreign Buyers, released in June of this year, BCREA finds that the main drivers impacting housing affordability are the decline in the stock of single detached homes, and densification policies favouring apartments and townhouses.

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.

Horgan said that the new B.C. Liberal tax on foreign nationals will not focus on speculative investment — the activity that is distorting real estate prices in B.C. — but rather on the citizenship of home - buyers.

TORONTO — A new report says sales of homes worth $ 1 million or more heated up in Toronto and Vancouver last year as the low loonie fuelled demand from foreign buyers.

Chinese are the top foreign buyers of US homes, reports CityLab (31 July 2017).

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 >

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.

2) Tax foreign home buyers as part of the transaction when the buyer does not reside in the country.

Foreign buyers are one of the key drivers in this city, particularly in the luxury home segment.

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.

Dianne Usher, a Toronto - based realtor with Royal LePage, says some foreign buyers have already been flocking to Toronto as soaring home values have priced them out of Vancouver's market.

TORONTO — A new report says sales of homes worth $ 1 million or more heated up in Toronto and Vancouver last year as the low loonie fuelled demand from foreign buyers.

As the Ontario government looks at some type of foreign buyer's tax, we have to look at not only the other factors of home price increases but also at the real estate industry as a local economic force that provides stability and income in this era of hyper - low interest rates.

Given the lack of data, it's impossible to say with certainty how much of an impact foreign buyers are having on home prices in red - hot markets like Toronto and Vancouver.

«Prestigious homes remain most popular with local buyers, with a small proportion of these purchases being attributable to foreign buyers.»

COQUITLAM, B.C. — Cardboard moving boxes are piled about the living room of an otherwise half - packed house nestled on a tree - lined residential street in a quiet Vancouver - area suburb — a scene frozen in time that the home's owners blame on British Columbia's controversial new tax on 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.

Concerns have mounted that home prices in Canada's largest city have spiralled to the point where policy - makers need to intervene, as they have in Vancouver, where a number of measures have been implemented including a tax on foreign buyers.

If a foreign buyer backs out of the sale, then they may be forced to back out of the purchase of their new home, which impacts yet another seller.

Its highest profile move has been a 15 - per - cent tax on foreign home buyers that came into effect at the start of August and covered 22 communities in the Vancouver region.

VANCOUVER — A legal challenge of a British Columbia levy on foreign home buyers has been filed in Vancouver, seeking a class - action lawsuit on behalf of those forced to pay the 15 per cent tax.

New regulations included federal measures to tighten mortgage insurance rules, expand stress tests, and improve tax fairness around capital gains exemptions as well as changes to the Canada Mortgage and Housing Corporation's securitization programs; B.C.'s new 15 % land transfer tax on foreign nationals in Metro Vancouver and introduction of the Home Owner Mortgage and Equity program to provide interest - free loans to first - time buyers, along with Vancouver's introduction of a tax on vacant homes; and Ontario's doubling of the land - transfer tax rebate for first - time buyers, combined with a tax increase on homes over $ 2,000,000.

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.

Royal LePage also noted «resilience» within home prices in the wake of government intervention with the Ontario Fair Housing Plan, new federal mortgage stress tests, and policies within B.C.'s provincial budget targeting foreign and domestic buyers.

We support a tax on foreign home buyers Three quarters of Canadians support a foreign buyers» tax for residential properties.

To put this into perspective, as of now, a foreign buyer of a $ 4 million home in Metro Vancouver would now be subject to $ 920,000 in taxes upon closing!

Foreign Home Buyers Continue to Identify U.S. as Profitable Investment, Realtors ® Report, (National Association of REALTORS ®, June 14, 2013)

Of those foreign buyers, 40 % say they are making the purchase with the intention to live in the home and 25 % say they are buying the property to rent out.

Sanchez lives in California, home to some of the country's hottest residential real estate markets, and a favourite among foreign buyers, including Canadians.

VANCOUVER — An Angus Reid Institute online poll has found that most respondents support a tax on foreign buyers of Metro Vancouver homes but at the same time doubt how effective the move will be at cooling the region's red - hot real estate market.

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.

They include the increase of the property transfer tax to five per cent from three per cent on homes valued at more than $ 3 million, the increase of the foreign buyers tax to 20 per cent from 15 per cent and expansion of the FBT to other parts of B.C. rather than Vancouver.

For several years, Canadians have been the biggest foreign buyers of U.S. homes.

Chinese buyers have surpassed Canadians as the most dominant foreign home purchasers in the United States, according to the National Association of REALTORS ®» 2015 Profile of Home Buying Activity of International Clients, released this whome purchasers in the United States, according to the National Association of REALTORS ®» 2015 Profile of Home Buying Activity of International Clients, released this wHome Buying Activity of International Clients, released this week.

Since this government came in October we saw housing affordability issues have become much worse particularly in the biggest and main two areas in Canada (Metro Vancouver and Greater Toronto areas): 30 % to 40 % increase of home prices in a matter of weeks and huge shortage of homes and rentals as a result of foreign buyers... big joke..

The 2017 Profile of International Home Buying Activity will reveal the top five countries of origin for foreign home buyers and how these buyers are utilizing the services of REALTORHome Buying Activity will reveal the top five countries of origin for foreign home buyers and how these buyers are utilizing the services of REALTORhome buyers and how these buyers are utilizing the services of REALTORS ®.

As the Ontario government looks at some type of foreign buyer's tax, we have to look at not only the other factors of home price increases but also at the real estate industry as a local economic force that provides stability and income in this era of hyper - low interest rates.

Perhaps foreshadowing where a bulk of future home purchases from immigrants will come from, Hale said that in NAR's latest survey roughly over half of all foreign buyers purchased property in Florida (22 percent), California (15 percent), Texas (10 percent), Arizona or New York (each at 4 percent).

More than 30 percent of Florida's home sales in the 12 months ending in March were to foreign buyers (compared to 10 percent in 2007), according to National Association of REALTORS ® housing data.

It says in Montreal, 50 per cent of the market for luxury single - family homes consists of foreign buyers, primarily from China.

ORLANDO (November 8, 2012)-- Florida is not only the host state for this year's Realtors ® Conference & Expo; it's also the fastest growing destination of choice for international buyers, accounting for 26 percent of foreign purchases last year, according to the National Association of Realtors ® 2012 Profile of International Home Buying Activity.

Foreign home buyers have their eye on U.S. vacation areas — especially in southern Florida — and are helping to give a lift to some of these battered housing markets.

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

Nationally, foreign buyer residential purchases accounted for five percent of existing - home sales.

Overall, a total of 214,885 U.S. residential properties were bought by foreign buyers (up 2.8 percent), and properties were typically valued higher ($ 277,380) compared to the median price of all U.S. existing home sales ($ 223,058).

Foreign Home Buyers Continue to Identify U.S. as Profitable Investment, Realtors ® Report, (National Association of REALTORS ®, June 14, 2013).

Nationally, foreign buyers comprised 10 percent of the dollar volume of existing home sales.