2/4/2024 | Posted in Foreign Buyers by Bashar Mahfooth
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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians. ... More
11/1/2019 | Posted in Foreign Buyers by Bashar Mahfooth
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The tax mimics what some provinces, including B.C., have already implemented. ... More
4/16/2019 | Posted in Toronto Real Estate by Bashar Mahfooth
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A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 and ... More
3/15/2019 | Posted in Commercial Real Estate by Bashar Mahfooth
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Market was led in 2018 by strong performance of industrial. ... More
7/4/2018 | Posted in Foreign Buyers by Bashar Mahfooth
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Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ... More
1/16/2018 | Posted in Real Estate Investments by Bashar Mahfooth
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A survey of members of the Association of Foreign Real Estate Investors holds Canada steady in third place for 2017, the same as a year earlier. ... More
12/21/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More
9/22/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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Some media outlets recently reported that interest in Canadian real estate among Chinese buyers increased 30 per cent in the first half of this year, compared to a year ... More
9/15/2017 | Posted in Ontario Real Estate by Bashar Mahfooth
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The number of non-resident owners of real estate in The Greater Golden Horseshoe has declined since the introduction of Ontario’s Fair Housing Plan in the spring. ... More
8/30/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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The government has perhaps its best understanding of just how influential foreign buyers are on Canada’s hottest markets, according to one big bank. ... More
7/6/2017 | Posted in Toronto Real Estate by Bashar Mahfooth
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New statistics released by the Toronto Real Estate Board once again confirm everyone didn't just wake up to a shortage of land overnight. ... More
7/5/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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Newly released figures show nearly five per cent of home purchases in Ontario's Greater Golden Horseshoe region were made by non-residents since the Liberal government ... More
4/27/2017 | Posted in Toronto Real Estate by Bashar Mahfooth
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New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto. ... More
4/24/2017 | Posted in Ontario Real Estate by Bashar Mahfooth
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Regulatory changes that require home buyers in Ontario to provide complete information on their citizenship and place of residence take effect today. ... More
3/24/2017 | Posted in Real Estate Investments by Bashar Mahfooth
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Finance Minister Bill Morneau said in an interview with The Globe and Mail that he wants to move quickly this year with tax changes focused on high-income Canadians, but ... More
3/20/2017 | Posted in Toronto Real Estate by Bashar Mahfooth
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The most frustrated people in the Toronto area’s real estate market right now are clearly the buyers. But right behind them are many seasoned agents. ... More
3/10/2017 | Posted in Ontario Real Estate by Bashar Mahfooth
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A foreign buyers’ tax is back on the table in Ontario, with the finance minister saying it’s one possible option he’s looking at to cool the housing market. ... More
3/8/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate ... More
Foreigners are already heavily invested in Canada's housing market, whether they're landlords or not
2/27/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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One puzzle around the run-up in Canadian home prices is the extent to which foreign money is the driver. The idea is that rich people from places like China are buying up homes as ... More
2/19/2017 | Posted in Foreign Buyers by Bashar Mahfooth
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Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds. ... More
2/15/2017 | Posted in Real Estate Market by Bashar Mahfooth
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Sales of Canada’s office, hotel, and retail properties have reached record-breaking heights last year, fuelled by a strong influx of foreign capital into the nation’s ... More
1/23/2017 | Posted in Real Estate Market by Bashar Mahfooth
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A new report from a leading real estate brokerage suggests many Americans who oppose incoming president Donald Trump continue showing a desire to purchase property in Canada. ... More
10/28/2016 | Posted in GTA Real Estate by Bashar Mahfooth
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Foreign buyers play a limited part in condo sales activity in the Greater Toronto Area but investors play a key role in the market according to a new report from Urbanation. ... More
10/25/2016 | Posted in Ontario Real Estate by Bashar Mahfooth
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Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers. ... More
10/22/2016 | Posted in Toronto Real Estate by Bashar Mahfooth
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Some observers have speculated that foreign investors will turn to Toronto’s real estate market after BC tacked a 15-per-cent tax on all non-residents ... More
10/4/2016 | Posted in Real Estate Market by Bashar Mahfooth
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The Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low ... More
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