Sentences with phrase «purchase by a foreign national»

Home resales were already on a downward track before the British Columbia government introduced a 15 per cent tax on home purchases by foreign nationals in Metro Vancouver, and area resales could see further significant weakness in the near term if there is a sharp downgrading of future price expectations and a drop in speculative activity.

Not exact matches

Foreign nationals could avoid the [new] tax, which would take effect on Aug. 2, by purchasing properties through locals — something that is already suspected to be common practice.
According to Dinani and other realtors, any purchase of a Metro Vancouver property by a foreign national (excluding the treaty lands of the Tsawwassen First Nation) that closes on or after August 2, 2016, will be subject to the tax.
Foreign nationals could avoid the tax, which would take effect on Aug. 2, by purchasing properties through locals — something that is already suspected to be common practice.
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This is according to an annual survey of residential purchases from international buyers released today by the National Association of Realtors ®, which also revealed that nearly half of all foreign sales were in three states: Florida, California and Texas.
According to a survey by the National Association of REALTORS ®, 2016 marked the fourth year in a row buyers from China ranked first among foreign nationals purchasing property in the U.S., and the Bay Area is a particularly attractive destination.
Many foreign nationals realize that investing in U.S. real estate offers them both security and stability, which they may not be able to find in other areas of the world, but they often are frustrated by their inability to leverage their real estate purchases.
According to a report by the National Association of Realtors ®, for the time period ending 1Q2010, purchases by foreign buyers (those whose main residence is outside of the United States) accounted for $ 907B, a 4.45 % share of the residential market.
Foreign home buyers spent more on South Florida homes and purchased more local residential properties in 2017 than the year before, according to the new 2017 Profile of International Home Buyers of MIAMI Association of REALTORS ® (MIAMI) Members conducted by MIAMI and the National Association of Realtors (NAR).
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