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foreign buyers News and Articles | My Blog

Chinese Interest Is Up In The GTA, But They're Not Interested In Speculation

9/22/2017 | Posted in Foreign Buyers by Michael Antczak

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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 ... More


Foreign buyers' tax is working says Ontario government

9/15/2017 | Posted in Ontario Real Estate by Michael Antczak

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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


There is now better foreign buyer data than ever before

8/30/2017 | Posted in Foreign Buyers by Michael Antczak

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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


The Facts Behind Toronto's Most Recent Real-Estate Frenzy

7/6/2017 | Posted in Toronto Real Estate by Michael Antczak

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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


Foreign buyer activity in Ontario housing market about 5 per cent: government

7/5/2017 | Posted in Foreign Buyers by Michael Antczak

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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


Foreign Buyers or Domestic Greed? Over 121,000 Toronto Homeowners Own Multiple Homes In The City

4/27/2017 | Posted in Toronto Real Estate by Michael Antczak

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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


New Ontario regulations on buyers' citizenship effective today

4/24/2017 | Posted in Ontario Real Estate by Michael Antczak

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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


'Marginal' home buyers setting market value in Toronto

3/20/2017 | Posted in Toronto Real Estate by Michael Antczak

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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


41% of Chinese buyers say they want Toronto real estate for schooling: Study

3/8/2017 | Posted in Foreign Buyers by Michael Antczak

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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 Michael Antczak

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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 ... More


Chunk of foreign buyers locked out of market

2/19/2017 | Posted in Foreign Buyers by Michael Antczak

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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


Sharp increase in Americans interested in Canadian real estate

1/23/2017 | Posted in Real Estate Market by Michael Antczak

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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 ... More


Foreign ownership of Canadian condos down from 2015: CMHC

12/7/2016 | Posted in Real Estate News by Michael Antczak

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Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to ... More


Foreign buyers have limited power in GTA condo market as sales soar

10/28/2016 | Posted in GTA Real Estate by Michael Antczak

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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 ... More


Ontario will not follow B.C.'s tax on foreign homebuyers

10/25/2016 | Posted in Ontario Real Estate by Michael Antczak

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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


Three quarters of GTA residents support foreign buyer tax

10/13/2016 | Posted in GTA News by Michael Antczak

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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


Another reason foreign tax is not the answer in GTA

10/11/2016 | Posted in GTA Real Estate by Michael Antczak

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While the debate continues on whether Ontario should follow BC with a tax on foreign ownership of homes in the GTA, a report highlights another issue which is driving up home ... More


Four major changes to Canada's housing rules

10/4/2016 | Posted in Real Estate Market by Michael Antczak

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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


Foreign investors to switch focus: RE/MAX

10/4/2016 | Posted in Real Estate Investments by Michael Antczak

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Foreign investors, deterred from Vancouver’s residential property market by the 15 per cent tax, are likely to increasingly focus on commercial real estate.

... More


Canada tightens mortgage, tax rules to cool housing market

10/3/2016 | Posted in Real Estate Market by Michael Antczak

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Canada will close a tax loophole and introduce a stress test to insured mortgage lending in an effort to boost the stability of the housing sector, the government said on ... More


Trudeau government to close foreign-buyers loophole

10/3/2016 | Posted in Real Estate Market by Michael Antczak

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Finance Minister Bill Morneau will unveil Monday new measures aimed at slowing the flood of foreign money pouring into overheated housing markets like Vancouver and Toronto, a ... More


Getting a mortgage at two major Canadian banks just got harder for some new Canadians

9/27/2016 | Posted in Mortgage News by Michael Antczak

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Two major Canadian banks have closed a loophole that allowed new Canadians here for less than five years to bypass income verification when purchasing a home.

... More


Tax foreign buyers in Toronto needed to avoid "Third World" density

9/23/2016 | Posted in Toronto Real Estate by Michael Antczak

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Joe Oliver says Toronto will have to implement a tax on foreign buyers of residential real estate.

... More


Tax on foreign homebuyers would be 'horrible,' Toronto real estate lawyer warns

9/21/2016 | Posted in Foreign Buyers by Michael Antczak

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A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market. His warning ... More


Ontario has little choice but to tax foreign home buyers, CIBC economist warns

9/21/2016 | Posted in Foreign Buyers by Michael Antczak

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The Ontario government has little choice left but to enact a 15 per cent tax on foreign home buyers, says CIBC World Markets deputy chief economist Benjamin Tal.

... More


Exodus to Toronto and Seattle underway: Juwai

9/20/2016 | Posted in Foreign Buyers by Michael Antczak

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Last month’s imposition of the 15 per cent foreign buyers’ tax by the British Columbia government has spurred a mass exit of hopeful home owners from Vancouver to ... More


Canadian real estate is still affordable - just not in loonies : BofA

9/16/2016 | Posted in Real Estate Market by Michael Antczak

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In its coverage of the Canadian mortgage finance system, Bank of America Merrill Lynch Global Research noted that contrary to popular perception, Canada’s homes are still ... More


Big banks ease mortgage applications for foreign buyers probe reveals

9/15/2016 | Posted in Foreign Buyers by Michael Antczak

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Foreign home buyers can secure mortgages with some of Canada’s biggest lenders without proof of income according to an investigation by the Globe and Mail.

... More


Vancouver real estate tax sparks concerns for Toronto housing market

8/2/2016 | Posted in Toronto Real Estate by Michael Antczak

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Where are those foreign investors going to go? Toronto's red-hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax ... More


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