foreign buyers

Chinese, Canadians, and Mexicans: Top Foreign Buyers in April 2016–March 2017

Chinese, Canadians, and Mexicans: Top Foreign Buyers in April 2016–March 2017

Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate.

Chinese buyers accounted for 14 percent of all foreign buyers[1], followed by Canada (12 percent), Mexico (10 percent), India (5 percent), and the United Kingdom (5 percent).

Foreign Investment Into U.S. Surges 49% ~ Record High $153BN

Foreign Investment Into U.S. Surges 49% ~ Record High $153BN

Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high. In all five of the top feeder countries buying U.S. real estate, the number of transactions grew, according to an annual survey of residential purchases from international buyers released by the National Association of Realtors® (NAR).

Ontario To Place 15 Per Cent Tax On Foreign Buyers To Cool GTA Housing Market

Ontario To Place 15 Per Cent Tax On Foreign Buyers To Cool GTA Housing Market

The Canadian Press has learned that the Ontario government will place a 15-per-cent tax on non-resident foreign buyers as part of a much-anticipated package of housing measures to be unveiled today.

The measures are aimed at cooling down a red-hot real estate market in the Greater Toronto Area, where the average price of detached houses rose to $1.21 million last month, up 33.4 per cent from a year ago.