Real Estate News Headlines // August 2nd 2016
Jethro Seymour, one of the Top Toronto Real Estate Brokers, provides you with Canadian real estate news headlines
If you’re a regular reader of Vancouver newspapers, you probably believe that foreign investors, particularly those from China, are the primary force driving up housing prices in the Lower Mainland.
For B.C. politicians looking toward the May 2017 provincial election, it doesn’t matter if the public’s views reflect reality or not. Elected officials aren’t going to worry if a former federal politician like Garth Turner or a former federal candidate like Victor Wong say that foreign buyers only account for 10 percent of all home sales in the region.
If an MLA wants to keep his or her job, the most important consideration is what the public thinks is true and then taking action to address those concerns.
Foreign homebuyers scooping up property in Mississauga should be charged a 15 per cent property transfer tax, says Mississauga Real Estate Board president Asha Singh.
