Sentences with phrase «says foreign buyers»

The report says foreign buyers — predominantly from the United States — make up 10 per cent or less of Canada's recreational property market.

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.

The board says foreign buyers represent a small part of the real estate market and the decline has more to do with potential homebuyers waiting to see how market conditions evolve.

Hildebrand says the foreign buyers and domestic investors identified in Urbanation's survey are not speculators who snap up properties looking to make a quick buck.

Brokers also say foreign buyers are more active now than they were during the peak of the market a few years ago.

Robyn Adamache, CMHC's principal market analyst for Vancouver, said foreign buyer activity is one of many factors in Vancouver.

Brad Henderson, CEO of Sotheby's International Realty Canada, said foreign buyers are a tiny proportion of the Toronto market and any move by Mr. Sousa to tax them will not fix the more pressing problems.

BMO chief economist Doug Porter says a foreign buyer tax would be a good place for Toronto to start.

One former broker said foreign buyers often pay too much, believing there are multiple offers.

Rojas said foreign buyers tend to show preference to certain parts of the U.S. market.

Just a few short months ago he said a foreign buyer's tax similar to Vancouver was off the table, but circumstances have changed.

Not exact matches

Canada - wide, 67 % said property sales to foreign buyers increased in the last year (a number that's largely diminished because of a decrease in foreign buying in Calgary).

Tal says his unscientific research into the subject — consisting mainly of a recent dinner with over 20 real estate brokers and agents who deal exclusively with foreign buyers — led him to believe the number of «pure» foreign purchasers in the Canadian real - estate market is «probably much smaller than perceived by many.»

Tim Syrianos, president of the Toronto Real Estate Board, said the decline in activity has less to do with foreign buyers and more to do with potential homebuyers waiting to see how the market plays out.

Caranci says further tinkering could be required; the Australian state of Victoria saw no impact when it imposed a three per cent foreign buyer tax in 2015, and recently raised it to seven per cent.

COPENHAGEN, Oct 2 - Denmark's central bank said on Tuesday it had intervened in the foreign exchange market in September, becoming a net buyer of the Danish crown for the first time since March 2011.

«There's no question the foreign - buyers» tax is having an effect, and that effect is causing everybody to hold their breath and say, «What's going to happen?»»

Solyndra said in documents filed in Delaware's bankruptcy court that it plans to spend the next four weeks trying to drum up interest among potential U.S. and foreign buyers to avoid shutting down permanently and selling its assets piecemeal to repay its creditors.

Tal says his unscientific research into the subject — consisting mainly of a recent dinner with over 20 real estate brokers and agents who deal exclusively with foreign buyers — led him to believe the number of «pure» foreign purchasers in the Canadian real estate market is «probably much smaller than perceived by many.»

Countries that make is easier for foreign property buyers, with fewer tax regulations, are likely to attract more Asian investors, says Andrew Batt, from the PropertyGuru website, tells Singapore Real Deal TV slot

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.

«Christy Clark let the market spiral out of control, and now she's trying to look like she's doing something — but her foreign buyers» tax won't make housing more affordable for people here in Kamloops,» said Horgan.

«Five years is a good hedge for a foreign buyer to see the unit appreciate in value to offset the tax and also provides time to figure out a way to avoid paying the tax,» said Hildebrand.

«Ultimately, 15 per cent is viewed as insignificant to a foreign buyer motivated to move their money here,» he said.

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.

«The accumulation of real estate is an integral component of their overall investment strategy, and as such, the foreign buyer tax is not a deterrent,» he said.

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.

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.

A Senate committee last month said Australia's foreign investment watchdog may need to be strengthened, even as it highlighted concerns that the increased scrutiny of agricultural deals could deter overseas buyers.

Domestic wine companies continue to be interested in North Coast brands and assets, but more foreign buyers are emerging, he said.

That said, the film has already presold to numerous foreign territories already (U.K., Canada and more) however, Malick has so far reportedly turned down early offers for U.S. distribution, though some footage has screened for buyers.

Trucar.com says young buyers prefer foreign nameplates, with Scion, Mitsubishi and Mazda leading the demographic.

Unlike buyers of American and Japanese passenger cars, compact truck buyers tend to cross-shop domestic and foreign makes, especially Toyota vs. Ranger, Bergsteinsson said.

The bank — which includes mortgage lending in its business — says «foreign buyers have likely pulled back, while domestic buyers appear to have stepped back as well to see how the changes shake out.»

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.

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.

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.

«I've had calls in the last 24 hours from agents representing foreign buyers who are backing out of deals because of this new tax,» says Dinani.

She said the buyers» real estate agent won't reveal whether the clients are foreign but has floated the idea of the couple helping to pay part of the 15 - per - cent tax.

Josh Gordon, an assistant professor at Simon Fraser University who studies the housing markets in Ontario and British Columbia, said one way to tax «non-resident speculation» would be to levy a foreign buyers tax but refund or offset it according to income tax paid in the province.

More than two - thirds (69 %) or agents surveyed said that there has been an increase in foreign buyer activity over the same 10 - year period.

VANCOUVER — The Canadian and British Columbia governments are complicit in fuelling Vancouver's housing crisis as foreign Chinese buyers continue to shut local residents out of the market, a new study says.

Gordon said his report blames Vancouver's housing crisis on foreign buyers, particularly from China, because «this is where the evidence points, not because of some anti-Chinese animus.»

In its housing market insight report into the preliminary impact of the foreign buyers tax, CMHC said Thursday it's too early to determine the long - term impact of the decision.

Ontario Finance Minister Charles Sousa said last month that he's considering a British Columbia - style foreign buyer's tax — which he had ruled out last year.

The Ontario government is reconsidering its opposition to taxing foreign home buyers, saying it is now open to a B.C. - style levy to restrain Toronto's hot housing market.

They said a 15 % tax on homes purchased by foreign buyers would have helped ensure prices remain affordable for local residents.

«The main culprit behind rapidly rising house prices is the GTA's unbalanced market — housing supply can not meet demand — not foreign buyers,» Tim Hudak, CEO of the Ontario Real Estate Association, said in a statement on Thursday.

The surtax would target foreign buyers who don't contribute to the local labour market, as well as wealthy Canadian citizens who have «aggressively evaded taxes,» the report said.

Caranci says further tinkering could be required; the Australian state of Victoria saw no impact when it imposed a three per cent foreign buyer tax in 2015, and recently raised it to seven per cent.