Prime Minister Stephen Harper’s election campaign promise to collect data on foreign ownership in the real estate market has gotten mixed reviews
A research paper is calling for more information on foreign investment following a new report suggesting international players are using Canadian real estate to launder money
A real estate group is coming out in strong support of foreign investment and is beating back suggestions that international buyers are hurting Canadian real estate.
Bob Rennie, the ‘condo king’ of Vancouver, says that there should be a new tax on those who speculate on the property market.
Like the butterfly effect, one country’s foreign investor policy could impact Canada’s real estate market, say experts, funnelling more buyers to already-hot markets across the country.
The Prime Minister and B.C. Premier have both ruled out taxing foreign investors in a bid to curb rising house prices in Vancouver.