Sentences with phrase «other foreign buyers»

Not exact matches

But the introduction of B.C.'s Foreign Buyers» Tax, combined with other mortgage and housing market regulations, has prompted sales to slow.

However, cross-border purchases can take buyers out of their comfort zone, forcing them to pay in a foreign currency at unclear exchange rates, unable to use their preferred payment methods and unclear on questions of duties, taxes, customs, shipping, and other hidden costs.

Other investors such as mutual funds, ETFs, foreign buyers, banks and real estate investment trusts (REITs) could keep the demand for MBS high.

Ontario's measures, which were retroactive to April 21, include a 15 per cent tax on foreign buyers in the Greater Golden Horseshoe region, expanded rent controls and legislation allowing Toronto and other cities to tax vacant homes.

McKay, whose bank is Canada's largest mortgage lender, says he's supportive of government taxes and other measures targeting foreign buyers, as well as other regulatory efforts to cool the country's housing market.

You can believe Foreign Buyers are dropping out of the sky, Toronto is different than other major cities, people won't drive an extra 30 mins a day to save $ 400,000 in house price or maybe the Greenbelt is causing the problem.

They could find a foreign buyer for the club and play as hard as any other club in the world.

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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.

Out of all these scenarios, I believe # 7 is the one that will end up happening as the DOJ clearly wants 4 national carriers to remain in competition, and big foreign carriers definitely have the $ $ and know how to operate the wireless industry unlike cable companies and also Google, some people are mentioning Google as a potential buyer but, Google makes smartphones and purchasing T - Mobile will hurt Google's smartphone business with the other carriers.

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.

There's also been anecdotal evidence that some foreign buyers have shifted their focus from Vancouver to other cities, including Toronto.

Some of these sellers and buyers around you at this moment will speak English, and others will speak a foreign language.

Buyers of GSE - issued debt securities include domestic and international banks, pension funds, mutual funds, hedge funds, insurance companies, foundations, other corporations, state and local governments, foreign central banks, institutional investors and individual investors.

But the introduction of B.C.'s Foreign Buyers» Tax, combined with other mortgage and housing market regulations, has prompted sales to slow.

The money deposited into the trust account of the developer by a foreign buyer is treated as any other condo deposit.

The other is a change in sentiment — if buyers can no longer justify the prices, or if sellers list their properties because they believe the market is about to turn, or if speculators and foreign investors find better opportunities.

In Spain a foreign buyer can incur up to 35 % capital gains tax, in Turkey on the other hand property sales are capital gains tax free if the underlying real estate has been owned for four or more years.

Others agree to be acquired by a foreign buyer to — once again — relocate overseas.

The data from CMHC suggests that the foreign buyer tax in both provinces has shifted foreign ownership to other parts of the country.

Other investors such as mutual funds, ETFs, foreign buyers, banks and real estate investment trusts (REITs) could keep the demand for MBS high.

PEI, the only other jurisdiction to implement a type of foreign buyers» tax remained stable, with no reported year - over-year gains or losses.

Homebuyers open themselves up to more options and a larger range of price points when they're willing to look in countries other than the U.S. Plus, if a foreign market is experiencing rapid growth, there's a greater likelihood that buyers will get a large return on their investment.

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.

Moreover, the proportion of real estate buyers in Miami that are foreign is much higher than in other US cities.

The 15 per cent tax on foreign real estate buyers enacted this summer may have dampened foreign interest and will continue to do so in the short term, but Vancouver will remain attractive to investors from other countries, according to an RBC Economics report released October 12.

British Columbia's new tax on foreign buyers in the Vancouver region is expected have mild ripple effects in other Canadian markets, with cities like Calgary and Montreal positioned to attract some non-resident purchasers.

B.C. residents (compared to other provinces) were significantly more likely to cite foreign buyers as the top reason for home prices being driven up (75 per cent versus 42 per cent for all other provinces).

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.

GBCs create programs, education and professional networking opportunities to help REALTORS ® successfully market to and work with immigrant communities, foreign investors, education buyers and other globally sourced buyer groups in their local markets.

Of course, there are other reasons why Canada is now so accessible to foreign buyers.

GBCs create programs, education and professional networking opportunities to help Realtors ® successfully market to and work with immigrant communities, foreign investors, education buyers, and other globally sourced buyer groups in their local markets.

And while a stronger dollar makes U.S. real estate more expensive for foreign buyers, these other forces are a powerful counterbalance to that trend.

By type of foreign client, Chinese buyers, along with Asian Indian and Mexican foreign buyers, were mostly resident foreigners (buyers who are recent immigrants or in the United States on work, student, or other visas and who reside in the United States).

On the other hand, foreign multinational corporations are becoming leading buyers in China.

If sustained, the commensurate increase in property prices for buyers using other currencies will probably slow foreign appetite for U.S. real estate.

Global business includes transactions with foreign nationals, immigrant clients, buyers with extended family abroad, employees of foreign corporations, multilingual families, and other groups residing in communities in every state.

The study shows that in 2015, Chinese buyers paid an average of $ 832,000 per home, doubling the average of other foreign purchases landing at $ 499,600.

You can believe Foreign Buyers are dropping out of the sky, Toronto is different than other major cities, people won't drive an extra 30 mins a day to save $ 400,000 in house price or maybe the Greenbelt is causing the problem.

Among other requirements, SAFE said all buyers of foreign exchange must now sign a pledge that they won't use their $ 50,000 quotas for offshore property investment.

So far, FinCEN has found that 30 percent of the buyers behind these transactions had previous reports os suspicious activity filed against them for issues such as unusual cash withdrawals, suspected corruption ties in foreign countries, and other claims.

According to the report, «A wave of investors from China and other foreign countries pouring capital into the local market drove median prices for all types of homes to $ 450,000 last year after British Columbia levied a 15 percent tax on foreign buyers purchasing homes in Vancouver.»

«While the stress test did not impact Western Canada's major markets as much as other parts of the country, the foreign buyer's tax and proposed speculation tax in B.C. have remained a concern for buyers,» RE / MAX of Western Canada regional executive vice president Elton Ash said.

GLVAR and NVAR leaders added that Las Vegas and Nevada have become increasingly popular places for foreign buyers to invest in homes and other forms of real estate.

But other industry experts say it's too soon to know if the plan, particularly its centerpiece — a Vancouver - style, 15 - per - cent tax on non-resident foreign buyers — will have the desired effect of making housing more affordable and available by dousing property speculation.

The Ontario government moved earlier this year to cool the Toronto housing market including the imposition to a foreign buyer tax and other changes.

And because of many unique variables in the Bay (tech, foreign buyers, etc.) and other hot markets, I think the market cycle will be stretched, so unlikely to see a significant drop in pricing.

Garcia stresses that it's easy to blame foreign buyers for California's housing market woes, rather than focusing on the lack of new construction or other distortions to the state's dysfunctional housing market.

What was once a field dominated by individual buyers and 1031 exchange investors is now seeing more competition from REITs, larger private investors, foreign buyers and other institutions.

In South Florida, the implications of a Trump presidency will likely be most hard - felt among foreign buyers, who make up about 60 percent of South Florida real estate sales, he said, because of Trump's disparaging remarks against Hispanics, Muslims and other minority groups.