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Showing posts from March, 2017

8 reasons why a BC-style foreign buyer tax is a bad idea for Toronto

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Take a Look at This - Five ways to cool Canada's burning-hot real estate market Animal spirits still rule Canada's real estate scene, working urban markets into a froth. But there are ways to tame them. Take a Look at This - Foreign-buyer tax headlines have dominated Canadian real estate media since the measure was introduced by the BC government last summer to cool the Metro Vancouver housing market, the country's hottest at the time. Talk has recently shifted to focus on ...

Take a Look at This - Millennials 2.0: Young families feel the squeeze in Vancouver's housing market

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There are many stereotypes around the millennial generation, often having to do with selfies - and artisanal everything. But the reality is many in this generation are now young parents who face significant economic challenges as they raise the next ... Take a Look at This - John Tory floats notion of Toronto vacancy tax to curb speculators Toronto Mayor John Tory says he is open to following Vancouver's lead by imposing a tax on vacant homes to crack down on speculators, as pressure mounts on governments of all levels to rein in the runaway real estate market.

Take a Look at This - Vancouver homebuyers lost almost 50 per cent on their down ...

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This map highlights Vancouver, B.C., where homebuyers would have lost almost half the returns on their down payments if they put 20 per cent down on an ... Take a Look at This - Landmark B.C. court ruling will shake real-estate industry, lawyers say The landmark B.C. decision requires notary public Tony Liu to pay his client more than $600,000 because Liu failed to adequately determine whether the Vancouver house his client was buying for $5.5 million had been owned by a tax resident of Canada. As ...

Take a Look at This - NDP would expand BC's foreign buyer tax

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Based on real estate board figures, the tax has wiped $2 billion in equity out of the Metro Vancouver housing market, or about twice what B.C.'s Ministry of Finance had expected. In a recent forecast, the Canadian Real Estate Association said B.C ... Take a Look at This - BC's working poor: Meet the people whose jobs don't pay the bills Of Canada's largest cities, Vancouver was second-worst with more than 100,000 low-income earners, or nearly one in 10 of the working-age population.

Take a Look at This - Home buyers and tenants leaving BC's Lower Mainland for smaller towns

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As soaring real estate prices expand up B.C.'s south coast, Powell River has become a refuge for residents of Greater Vancouver who want to make home ownership a reality. The community of about 13,000, located two ferry rides from the Lower Mainland, ... Take a Look at This - Housing affordability measures will be in spring budget: Ontario Finance Minister Figures from the B.C. government show a drop in real estate transactions in the Vancouver area after the provincial government brought in a 15 per cent tax on foreign buyers last August.

Take a Look at This - Housing affordability measures in the spring budget: Ontario finance minister

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by Jessica Smith Cross, The Canadian Press ... Figures from the B.C. government show a drop in real estate transactions in the Vancouver area after the provincial government brought in a 15 per cent tax on foreign buyers last August. However the market ... Take a Look at This - Canada's plan to tax foreign investors is already working CANADA TAKES A STAND. Vancouver had a 13 per cent foreign investor rate last year, with many apartments sitting vacant because overseas owners weren't renting them out.

Take a Look at This - Home buyers and tenants leaving BC's Lower Mainland for Powell River

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As soaring real estate prices expand up B.C.'s south coast, Powell River has become a refuge for residents of Greater Vancouver who want to make home ownership a reality. The community of about 13,000, located two ferry rides from the Lower Mainland, ... Take a Look at This - Trudeau government looks to provinces to cool red-hot housing markets in Toronto, Vancouver OTTAWA - Canada's federal government lobbed the problem of Toronto's hot housing market back to Ontario after its new budget did nothing to rein in real estate speculators, boosting expectations a foreign buyers tax may soon be imposed in Canada's ... http://rock.ly/z08vc

Take a Look at This - Just the facts: Ottawa beefs up spending in federal budget for data collection on the housing market

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In particular, the Liberals have budgeted $39.9 million over the next five years so that Statistics Canada can compile information on foreign ownership of homes in Canada, as well as assembling data on the demographics of owners and how they are ... Take a Look at This - BC's working poor: Meet the people whose jobs don't pay the bills Of Canada's largest cities, Vancouver was second-worst with more than 100,000 low-income earners, or nearly one in 10 of the working-age population.

Take a Look at This - Surging sales of $1-million-plus Toronto homes fuel calls for new measures

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The GTA saw 2,876 sales of detached properties of $1-million or more in January and February, compared with 1,548 in the first two months of 2016, a new study by Sotheby's International Realty Canada shows. Fierce competition is common amid red-hot ... Take a Look at This - Housing market fires on 3 cylinders: Toronto, Hamilton, even Vancouver Canada's housing market is firing on three cylinders, surprisingly including Vancouver, and setting fresh records for the month of February.

Take a Look at This - Three quarters of BC residents believe BC Liberals out to help political donors: poll

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Three-quarters of B.C. residents believe economic inequality is a “huge problem,” according to a pre-election poll released Friday by the Angus Reid Institute, which also identified housing as the top concern for more respondents than health care or ... Take a Look at This - As Seattle market mirrors Vancouver's, housing experts search for answers South of the border, experts are divided about whether or not the city's housing market is being driven by foreign buyers - the same argument that dragged on for a couple of years in Vancouver. Today, the effect of foreign buying is ... Seattle City ...

Chinese buyers shift interest in Canadian property due to tax - Business - Chinadaily.com.cn

Take a Look at This - Chinese buyers shift interest in Canadian property due to tax Fewer Chinese prospective buyers are considering Vancouver properties in the Canadian province of British Columbia (B.C.), following its implementation eight months ago of a 15-percent tax on foreign residential real estate buyers. Brad Henderson ... http://rock.ly/5l7qe Take a Look at This - Chinese buyers shift interest in Canadian property due to tax VANCOUVER - Fewer Chinese prospective buyers are considering Vancouver properties in the Canadian province of British Columbia (B.C.), following its implementation eight months ago of a 15-percent tax on foreign residential real estate buyers. http://rock.ly/4xub3

Christy Clark’s house of cards could fall

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Take a Look at This - Value of commercial real estate sales in BC increased by 47% in 2016 "We have a lot of Canadian institutional investors that have felt over the last few years that Vancouver is very highly priced compared to other locations they can go to in Canada and the us," he said. "They see these prices and say ... Residential ... Take a Look at This - Christy Clark's house of cards could fall as housing prices, foreign ownership rise in Vancouver, Victoria It's happening just as the B.C. Liberal government last week exempted foreign nationals with work permits and up to 170,000 foreign students from the Metro Vancouver 15% foreign buyers tax, letting them apply for refunds if they recently bought homes ...

Take a Look at This - Value of commercial real estate sales in B.C

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increased by 47% in ... A shortage of land and a growing economy fuelled a 47 per cent surge in the value of commercial real estate sales across British Columbia's Lower Mainland in ... Take a Look at This - Transit, housing top BC's wish list for today's federal budget Transit, housing top B.C.'s wish list for today's federal budget ... TransLink Minister Peter Fassbender says B.C.'s economy has been good for Canada and should be rewarded. "I don't think there will be ... Civic leaders are also hoping the federal ...

Take a Look at This - Foreign buyers big spenders in West Van prior to 15 % tax

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Foreigners bought almost 24 per cent of West Vancouver real estate sold in the weeks before the province brought in its 15 per cent foreign buyers tax last summer. Take a Look at This - Speculators super-heating the Toronto real estate market - The ... About 95 per cent of investment properties purchased in 2016 are losing money every month, says report.

Take a Look at This - Value of commercial real estate sales in B.C

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increased by 47% in ... A shortage of land and a growing economy fuelled a 47 per cent surge in the value of commercial real estate sales across British Columbia's Lower Mainland in ... Take a Look at This - Surging sales of $1-million-plus Toronto homes fuel calls for new measures The GTA saw 2,876 sales of detached properties of $1-million or more in January and February, compared with 1,548 in the first two months of 2016, a new study by Sotheby's International Realty Canada shows. Fierce competition is common amid red-hot ... http://rock.ly/v6j4r

Just Listed at Lincoln's Gate - 2 Bedroom/2 Bath

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Lincoln's Gate - Beautifully Renovated ground level unit with a private yard. 2 spacious Bedrooms & 2 lovely updated baths & an updated & modern kitchen. Large livingroom is accented with a lovely electric fireplace and walks out to a private & enclosed back which is only steps away from the complex's Recreation Center which includes racquet ball courts, outdoor swimming pool with attractive 2 level poolside area, sauna, jacuzzi, locker and change rooms. Lincoln's Gate is next door to Guildford Town Center, with Holly Elementary school across the street & transit is at the complex entrance. A Lovely place to call Home! Call Sharon to View - 604-809-0601