Foreign speculators looking to buy a home in Canada might encounter a few hiccups in the next few years. The country is in the middle of a snap election, and housing is the hot topic — especially foreign ownership. Just this morning, the ruling Liberal Party announced they would ban non-resident buyers. This is the […]
Toronto’s vacancy tax may have a big impact on real estate investors, according to a local board survey. The Toronto Regional Real Estate Board (TRREB) released the results of their survey, conducted by IPSOS in the fall. More than half of investors said they’ll either sell or rent their unit if a vacancy tax is […]
The Toronto Real Estate Board conducted its annual survey, and hidden in the pile of results was how effective a vacant home tax would be at creating inventory for the city.
Due to my background, I’m invited to quite a few privileged conversations. One of those occurred a few months ago, when a Beijing-based money manager sent my office an email, and asked if I could meet him in Toronto for coffee. He was fairly vague, but said he just wanted to have a casual conversation […]
Canada has twice the ratio of vacant homes the US did before the great recession, indicating Canadian real estate may be in hypersupply.
Old money cities like London still top the list for the uber rich’s secondary home of choice, but some new cities are popping up on the list.