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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  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

Real Estate & Mortgage News

  10/13/2016 | Posted in GTA News by Bashar Mahfooth
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There is overwhelming support among residents of the Greater Toronto Area for a tax on foreign buyers, according to a poll by Angus Reid. ... More

Real Estate & Mortgage News

  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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