US real estate is once again the top spot for Asian buyers, according to China’s largest foreign property portal. Juwai crunched the numbers on the top destinations for Asia’s buyers, in its annual report. The US claimed the number one spot in 2020, after falling behind countries like Thailand in prior years. Canada managed to […]
Even Foreign Real Estate Buyers Are Dumping Vancouver For The Suburbs
Greater Vancouver real estate, once a hot commodity for foreign buyers, is losing appeal. BC’s non-resident homebuyers made a sharp decline in January. That might be a one-off, but last year’s numbers still show a modest drop in foreign buyers. There is an interesting shift in buying behavior though. Greater Vancouver is seeing a smaller […]
Canada Announces A National Foreign Buyer Tax Is Coming Next Year. It’s Useless
Canada’s getting serious about housing supply… or at least trying to make you think it is. The Government of Canada (GoC) made its economic statement yesterday, including a plan to tax non-resident homeownership. The tax, which may be rolled out within the next year, sounds aggressive. However, two of the country’s most populated regions already […]
World Bank Expects The Largest Globally Synchronized Recession In History
The pandemic turned a global slowdown into a global downturn, and it’s just getting started. World Bank analysts have noted a rapid revision of economic indicators around the world. The organization is now forecasting a synchronized downturn, spread over 90% of economies. This would be the largest global recession in history, surpassing the previous record […]
Foreign Buyers of US Real Estate Drops Over 31%, Fewest Chinese Buyers In 10 Years
Foreign buyers aren’t into US real estate these days. National Association of Realtors (NAR) numbers show a lot less foreign buyers in the year ending March. This is the second year volumes have declined, printing the fewest foreign buyers in at least a decade. US Real Estate Is Less Attractive To Foreign Buyers In 2019 […]
StatsCan: Nearly 1 In 10 New Homes In Toronto Scooped By Non-Residents In 2016-2017
Statistics Canada has updated the non-resident real estate ownership stats for Greater Toronto. Finally, some data!
You Can Now Buy US & Canadian Real Estate With Your Milk and Eggs… In China
Juwai is teaming up with JD.com to sling Australian, US, and Canadian real estate to Mainland Chinese buyers in just a few days.
The Lauderdale Paradox, And Artificial Scarcity In Canadian Real Estate
The value of Canadian real estate has been debated for some time. Those that benefit from ownership, often say “fundamental value” is sending prices higher. Further adding that the increase of home prices, results in an increase of wealth for the country. Housing activists say that real estate has become highly commoditized. They argue, escalating […]
New York Gears Up To Crack Down On Speculators w/Quiet Addition To The Budget
New York City is getting an additional tool to crack down on real estate flippers. The new tool is just one of the few ways the city is letting speculators know they aren’t welcome.
There’s A S**t Ton of Canadian Real Estate Owned By “Corrupt African Leaders”
French NGO, Sherpa, is alleging that millions of dollars in Canadian real estate bought by “corrupt African leaders” was obtained with questionable cash sources.