Foreign Homebuyers
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Foreign homebuyer ban: What it could mean for markets where the new rules don’t applyAn 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.MoneyJan 4, 2023
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Canada’s ban on foreign homebuyers comes into effect on Jan. 1. Here’s what to knowStarting in the new year, foreign commercial enterprises and people will not be allowed to buy residential properties in Canada for two years.CanadaJan 1, 2023
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Ontario foreign buyers tax hike won’t have much effect on already cooling market: expertsThe 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.CanadaOct 25, 2022
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Ottawa just replaced Toronto as a foreign-homebuyer magnet: RBCThe 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.MoneyMay 1, 2018
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Foreign homebuyer tax? Not the best fix for Vancouver, Toronto: CMHCNot 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.MoneyFeb 7, 2018
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There’s so much we still don’t know about foreign homebuyersHere's what we do and don't know.MoneyDec 21, 2017
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Foreign homeownership less than 5% in Vancouver, Toronto: StatCanForeign homebuyers not the leading force behind soaring prices in Canada's hottest markets, data suggests.MoneyDec 19, 2017
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Ontario finance minister can’t say if foreign buyer tax will affect GTA housing marketWhen 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.EconomyApr 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.CanadaApr 21, 2017
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Ontario government to impose 15% tax on foreign homebuyers, expand rent controlThe Ontario government will place a 15 per cent tax on non-resident foreign buyers.CanadaApr 20, 2017
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