2/4/2024 | Posted in Foreign Buyers by RENTEX Realty
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The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians. ... More

Real Estate & Mortgage News

  8/1/2023 | Posted in Luxury Real Estate by RENTEX Realty
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High-net-worth individuals are discouraged from investing in the Canadian housing market ... More

Real Estate & Mortgage News

  11/1/2019 | Posted in Foreign Buyers by RENTEX Realty
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The tax mimics what some provinces, including B.C., have already implemented. ... More

Real Estate & Mortgage News

  4/30/2019 | Posted in Canadian Housing Market by RENTEX Realty
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For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ... More

Real Estate & Mortgage News

  4/16/2019 | Posted in Toronto Real Estate by RENTEX Realty
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A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 and ... More

Real Estate & Mortgage News

  7/4/2018 | Posted in Foreign Buyers by RENTEX Realty
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Foreign ownership, speculation perceived to be the most influential factors according to a recent report by CMHC. ... More

Real Estate & Mortgage News

  4/26/2018 | Posted in Ontario Real Estate by RENTEX Realty
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The impact of the Ontario’s Fair Housing on foreign buyers of the province’s real estate has been revealed by the finance ministry. Finance minister Charles Sousa ... More

Real Estate & Mortgage News

  2/9/2018 | Posted in Canadian Housing Market by RENTEX Realty
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Nearly 10% of mortgages issued in Vancouver and Toronto in 2016 went to non-permanent foreign residents aged under 25 years old, according to the Canada Mortgage and Housing ... More

Real Estate & Mortgage News

  12/21/2017 | Posted in Foreign Buyers by RENTEX Realty
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More

Real Estate & Mortgage News

  10/27/2017 | Posted in Foreign Buyers by RENTEX Realty
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Educational opportunities are driving Chinese homebuyer inquiries for Canadian properties, despite foreign-buyer taxes in two of the nation’s hottest housing markets. ... More

Real Estate & Mortgage News

  9/22/2017 | Posted in Foreign Buyers by RENTEX Realty
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Some media outlets recently reported that interest in Canadian real estate among Chinese buyers increased 30 per cent in the first half of this year, compared to a year ... More

Real Estate & Mortgage News

  9/15/2017 | Posted in Ontario Real Estate by RENTEX Realty
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The number of non-resident owners of real estate in The Greater Golden Horseshoe has declined since the introduction of Ontario’s Fair Housing Plan in the spring. ... More

Real Estate & Mortgage News

  8/30/2017 | Posted in Foreign Buyers by RENTEX Realty
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The government has perhaps its best understanding of just how influential foreign buyers are on Canada’s hottest markets, according to one big bank. ... More

Real Estate & Mortgage News

  7/6/2017 | Posted in Toronto Real Estate by RENTEX Realty
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New statistics released by the Toronto Real Estate Board once again confirm everyone didn't just wake up to a shortage of land overnight. ... More

Real Estate & Mortgage News

  7/5/2017 | Posted in Foreign Buyers by RENTEX Realty
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Newly released figures show nearly five per cent of home purchases in Ontario's Greater Golden Horseshoe region were made by non-residents since the Liberal government ... More

Real Estate & Mortgage News

  4/27/2017 | Posted in Toronto Real Estate by RENTEX Realty
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New data from the Ministry of Finance shows that Toronto real estate has a bigger problem than foreign buyers, speculators from Toronto.  ... More

Real Estate & Mortgage News

  4/24/2017 | Posted in Ontario Real Estate by RENTEX Realty
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Regulatory changes that require home buyers in Ontario to provide complete information on their citizenship and place of residence take effect today. ... More

Real Estate & Mortgage News

  3/20/2017 | Posted in Toronto Real Estate by RENTEX Realty
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The most frustrated people in the Toronto area’s real estate market right now are clearly the buyers. But right behind them are many seasoned agents. ... More

Real Estate & Mortgage News

  3/8/2017 | Posted in Foreign Buyers by RENTEX Realty
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The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate ... More

Real Estate & Mortgage News

  2/27/2017 | Posted in Foreign Buyers by RENTEX Realty
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One puzzle around the run-up in Canadian home prices is the extent to which foreign money is the driver. The idea is that rich people from places like China are buying up homes as ... More

Real Estate & Mortgage News

  2/19/2017 | Posted in Foreign Buyers by RENTEX Realty
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Chinese influence on Canada’s real estate market may be coming to an abrupt end due to new rules that lock their funds. ... More

Real Estate & Mortgage News

  1/23/2017 | Posted in Real Estate Market by RENTEX Realty
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A new report from a leading real estate brokerage suggests many Americans who oppose incoming president Donald Trump continue showing a desire to purchase property in Canada. ... More

Real Estate & Mortgage News

  12/7/2016 | Posted in Real Estate News by RENTEX Realty
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Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to a ... More

Real Estate & Mortgage News

  10/28/2016 | Posted in GTA Real Estate by RENTEX Realty
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Foreign buyers play a limited part in condo sales activity in the Greater Toronto Area but investors play a key role in the market according to a new report from Urbanation. ... More

Real Estate & Mortgage News

  10/25/2016 | Posted in Ontario Real Estate by RENTEX Realty
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Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers. ... More

Real Estate & Mortgage News

  10/13/2016 | Posted in GTA News by RENTEX Realty
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There is overwhelming support among residents of the Greater Toronto Area for a tax on foreign buyers, according to a poll by Angus Reid. ... More

Real Estate & Mortgage News

  10/11/2016 | Posted in GTA Real Estate by RENTEX Realty
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While the debate continues on whether Ontario should follow BC with a tax on foreign ownership of homes in the GTA, a report highlights another issue which is driving up home ... More

Real Estate & Mortgage News

  10/4/2016 | Posted in Real Estate Market by RENTEX Realty
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The Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low ... More

Real Estate & Mortgage News

  10/4/2016 | Posted in Real Estate Investments by RENTEX Realty
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Foreign investors, deterred from Vancouver’s residential property market by the 15 per cent tax, are likely to increasingly focus on commercial real estate. ... More

Real Estate & Mortgage News

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