Foreign Homebuyers

• What could happen to home prices if the foreign buyers ban expires?

  The foreign homebuyers ban is scheduled to expire on Jan 1, 2027, which means home prices are at risk of rising sharply if there is pent up demand from non-residents.

  Consumer

  Oct 13
  
• Foreign homebuyer ban: What it could mean for markets where the new rules don’t apply

  An attempt to close the door on non-resident buyers in Canada could open up opportunities for international investors in some markets not covered by the ban, experts say.

  Money

  Jan 4, 2023
  
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• Canada’s ban on foreign homebuyers comes into effect on Jan. 1. Here’s what to know

  Starting in the new year, foreign commercial enterprises and people will not be allowed to buy residential properties in Canada for two years.

  Canada

  Jan 1, 2023
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• Ontario foreign buyers tax hike won’t have much effect on already cooling market: experts

  The non-resident speculation tax has sat at 20 per cent since March, when the government hiked the rate from 15 per cent and expanded it to apply provincewide.

  Canada

  Oct 25, 2022
• Ottawa just replaced Toronto as a foreign-homebuyer magnet: RBC

  The change is the result of Ontario's tax on non-resident speculators, which covers Toronto but not Ottawa, the bank said in a new report.

  Money

  May 1, 2018
• Foreign homebuyer tax? Not the best fix for Vancouver, Toronto: CMHC

  Not enough new homes is the main reason behind home price surges in both cities, according to a new report by Canada's mortgage insurance agency.

  Money

  Feb 7, 2018
• There’s so much we still don’t know about foreign homebuyers

  Here's what we do and don't know.

  Money

  Dec 21, 2017
• Foreign homeownership less than 5% in Vancouver, Toronto: StatCan

  Foreign homebuyers not the leading force behind soaring prices in Canada's hottest markets, data suggests.

  Money

  Dec 19, 2017
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• Ontario finance minister can’t say if foreign buyer tax will affect GTA housing market

  When asked what data the decision to implement such a tax was based on, Charles Sousa cited a November 2016 Toronto Real Estate Board survey that suggested foreign buyers were involved in about five per cent of purchases.

  Economy

  Apr 21, 2017
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• Bill Morneau says Ontario’s housing market plan won’t be applied nationally

  "The measures around trying to reduce speculation in the market, we think, are positive," Bill Morneau said.

  Canada

  Apr 21, 2017