Sentences with phrase «targets foreign buyers»

The levy, effective immediately, targets foreign buyers who are flipping properties or using real estate to park cash.

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.

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.

While most analysts assumed the federal government would target foreign buyers, the decision to tighten up the principal residence exemption qualifications goes one step further.

For instance, if you're targeting foreign buyers coming from China, understand the customs and local laws, Berenbaum says.

Not exact matches

Some equity analysts lowered ratings on Canadian companies they previously believed might be takeover targets (Talisman Energy, for example), invoking the logic that the Petronas - Progress blockage would drive foreign buyers to shop elsewhere.

Instead of sending Indians to the target country, the Indian government encourages foreign buyers, trade representatives, and journalists to visit trade fairs, exhibitions, and companies in India by providing financial support.

Besides including trends in target pricing, motivation, and levels of interest between conventional and top - tier real estate in Vancouver, Calgary, Toronto, and Montreal, the report also notes differences in the impact of the recently introduced 15 % provincial property transfer tax on foreign buyers in Metro Vancouver.

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.

The website for Park Point features a Chinese - language option, though the company says it's not actively targeting foreign Chinese buyers.

Similarly, U.S. target companies must be aware that their sale to a foreign buyer may be put at risk if they do not consider the appropriate CFIUS - risk measures.

The market has been hit by a confluence of policies: Ontario's Fair Housing Policy, including a foreign buyers» tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada's moves to increase interest rates.

«Miami's luxury condo market has been a much larger target of foreign buyers for decades, but Ron Shuffield, CEO of Miami - based EWM Realty International said that has recently begun to decline.