Saturday, July 22, 2017

Local Real Estate Board Continuing Fight Against Foreign Buyer Tax

In response to the fifteen-percent tax on real estate purchases by foreign buyers in the metro Vancouver area, the Fraser Valley Real Estate Board...

Study Proclaims Vancouver “First City of Millionaires” in Canada

A new study from Environics Analytics has proclaimed Vancouver the first “city of millionaires” in the country, as the average net worth of homes...

Condo Demand in Toronto Rivals Peak Demand in Vancouver

Recent statistics from the Toronto Real Estate Board have shown a surge in demand that actually rivals the market in metro Vancouver, particularly in...

B.C. Government Will Not Reconsider Foreign Buyer Tax

Following the drop in real estate sales and deceleration of price-increases in metro Vancouver, B.C. Premier Christy Clark recently told reporters that the provincial...

Vancouver Island Could be Next Hot Spot for Real Estate

Vancouver Island has been proclaimed “B.C.’s new housing hot spot” by Central 1 Credit Union, whose economists predict that median home prices on the...

How Alberta Could Benefit From B.C.’s Foreign Buyer Tax

The new 15% tax on real estate purchases by foreign buyers in Metro Vancouver went into effect August 2nd, and although it is still...

Central 1 Credit Union Predicts Further B.C. Housing Price Increases

Central 1 Credit Union recently released a new forecast which predicts that British Columbia’s red-hot real estate market may remain “robust” through 2018, despite...

Trudeau, Federal Government in Bind Over Vancouver Tax

In Vancouver, there’s a great deal of concern that the new 15% foreign buyer tax could be, in a sense, too successful and drive...

China’s Vancouver Consul General Criticizes Foreign Buyer Tax

Liu Fei, China’s consul general for the city of Vancouver, recently challenged British Columbia’s “hastily-imposed” foreign buyer tax measure and questioned its justification. “Why a...

New B.C. Tax Could Jeopardize Thousands of Deals

In just two weeks since British Columbia enacted its new foreign buyer tax on residential properties in metro Vancouver, an e-mail inquiry to 27...