by Richard Silver | Jun 13, 2025 | News
The following is a condensed version of a June 10 open letter written by Richard Silver, senior global real estate advisor with Sotheby’s International Realty Canada in Toronto and Silver Burtnick & Associates team leader. Dear Prime Minister Carney, As a...
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 Yousaf Iqbal | Apr 28, 2021 | Featured, Guest Columns
You know that international buyers are important, but are they important enough to warrant an agent’s investment of serious time and effort? If you believe Statistics Canada, you might think so. The official Canadian authority on data issued a report showing that...
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 REM Editorial Team | Aug 5, 2020 | News
In the United Kingdom, the housing market ground to a halt in March due to COVID-19, but since then buying activity has picked up, says Bankrate, a U.K. mortgage information portal. It reports that according to Google trends, “relocation” searches have spiked by more...
