by James R.G. Cook | Feb 22, 2022 | Featured, Legal Issues
Some Canadian provinces have introduced a foreign buyers’ tax in recent years to curb what is perceived as the impact of foreign speculators on over-heated real estate markets. The hefty amount of the tax may catch unprepared buyers by surprise if they are not aware...
by David J Rotfleisch | Aug 12, 2021 | Featured, Legal Issues
The foreign buyers tax is a property transfer tax in Ontario and British Columbia. The tax is imposed by the provincial governments under their land transfer tax statutes. It is payable in addition to the normal land transfer tax. The tax is payable by a “foreign...
by Afshin Yazdani | Mar 2, 2021 | Legal Issues
In April 2017, the Government of Ontario introduced the Non-Resident Speculation Tax (NRST), which is applied to foreign and non-resident property buyers as a measure to control the real estate market in the Greater Golden Horseshoe Area.* The 15 per cent tax applies...
by Mario Toneguzzi | May 23, 2018 | Featured, News
Municipal and provincial government legislation in recent years in Vancouver and B.C. may appear to be an affront to foreign investors, especially those from China, but those laws won’t suppress the appetite for investment opportunities. Tina Mak, an associate broker...
by Penelope Graham | Mar 12, 2018 | Columnists, Featured
The provincial British Columbia government has earned a bit of a reputation for being a real estate industry disruptor, subjecting the Metro Vancouver region to several new regulations unprecedented in other markets. In late February, another round of housing rules...
