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Canada Bans Foreigners From Purchasing Most Real Estate

Canada Bans Foreigners From Purchasing Most Real Estate

by Third Party | Jan 7, 2023 | Industry Updates, International Real Estate News

Source: VOA News —  VANCOUVER, CANADA —  With the dawn of 2023, the Canadian foreign buyers ban went into effect, banning non-Canadians from purchasing property, with several exceptions. These include landed immigrants, workers on temporary visas, refugees and...
Global Luxury Real Estate Buyers Adapting to Uncertainty, Yet Bullish on Real Estate, According to Global Study by Luxury Portfolio International®

Global Luxury Real Estate Buyers Adapting to Uncertainty, Yet Bullish on Real Estate, According to Global Study by Luxury Portfolio International®

by Third Party | Jan 7, 2023 | International Real Estate News, News/Current Events

Source: Yahoo! Finance —  NEW YORK, Jan. 5, 2023 /PRNewswire/ — The global wealthy are living in a state of adaptability to uncertainty, but quite bullish about ultra-luxury residential real estate, according to just-released research by Luxury Portfolio...
Mortgage approvals fall to lowest level – BoE report

Mortgage approvals fall to lowest level – BoE report

by Third Party | Jan 6, 2023 | International Real Estate News, Mortgage Information

Source: MPA Mag —  Net borrowing of mortgage debt by individuals rose in November 2022, but mortgage approvals for house purchases fell to its lowest level since mid-2020, according to lending data released by the Bank of England (BoE) on Wednesday. The central...
MC Explains: Canada’s ban on foreigners buying homes may impact demand among non-Canadian resident Indians

MC Explains: Canada’s ban on foreigners buying homes may impact demand among non-Canadian resident Indians

by Third Party | Jan 6, 2023 | International Real Estate News, News/Current Events

Source: Money Control —  With the aim of making more homes available and affordable for its own citizens, the Canadian government has decided to ban immigrants from buying property in the country for two years. This, real estate experts say, is expected to lead...
Calgary real estate sales break record despite late year slowdown

Calgary real estate sales break record despite late year slowdown

by Third Party | Jan 5, 2023 | International Real Estate News, Real Estate News

Source: Global News —  Real estate sales in Calgary saw record numbers in 2022, despite a December that was 31 per cent slower than the year before, according to the Calgary Real Estate Board (CREB). Calgary saw a record 29,672 sales in 2022, outperforming...
Singapore private home prices up just 0.2% in Q4 on sharp drop in sales

Singapore private home prices up just 0.2% in Q4 on sharp drop in sales

by Third Party | Jan 5, 2023 | International Real Estate News, Real Estate News

Source: The Straits Times —  SINGAPORE – The growth in private home prices cooled to 0.2 per cent in the fourth quarter of 2022, as sales dropped sharply in the face of growing economic headwinds, two rounds of property curbs, and the absence of major new...
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