I think it will still be possible to come if you top up local economy with $250k or so, which is nothing for people snatching up 2 million+ homes. Besides many investments are made by people who don't intend to set foot on Canadian or American soil, it's a quick win given how fast it's been climbing within the past 5 years. There is a whole industry outside of Canada that revolves around selling Canadian properties and as long as those people believe it will be going up the prices will be going up. The government, as some mentioned, cannot back out, it is too dependant on that tax money. I've been cycling a lot around the city lately and virtually every vacant or semi vacant piece of land has condo construction proposed, everything is "luxury" with bachelor units staring around 500k. At those prices I doubt that enough locals can participate in this celebration of life to guarantee even a 30% occupancy. As such we will see more and more foreign investment into real estate and prices will continue to climb (I wish I'm wrong by the way).
Toronto Real Estate is Back
- Thread starter Darts
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Not sure if it is still around but there used to be tax rule that allows immigrants to put their assets in an offshore trust and avoid Canadian taxes for 5 years. Of course, this is unfair to refugees and asylum seekers since they probably don't have any assets.I think it will still be possible to come if you top up local economy with $250k or so, which is nothing for people snatching up 2 million+ homes. Besides many investments are made by people who don't intend to set foot on Canadian or American soil,
Some folks want a Canadian and/or American citizenship as a Plan B in case they have to flee Iran and/or Saudi Arabia quickly while still alive.
well..having wealthy immigrants or foreign investor also help local real estate owners to get fat and wealthy which use that money to invest in more property and buy cottage. As result real estate prices go up. As long there government allow foregin money coming in and out and immigration in easily, real esate will be healthy in GTA
I read an article the other day saying office spaces in downtown Calgary and nearby areas are having 25-28% vacancies rate. That has been going on since the oil prices busted in 2014.
Can this scenario happen in the GTA office building’s market considering many negative factors nowadays?
Can this scenario happen in the GTA office building’s market considering many negative factors nowadays?
God I hope not. A lot of us have REITs that are tied to commercial and office space and it's been a blood bath the past several months.I read an article the other day saying office spaces in downtown Calgary and nearby areas are having 25-28% vacancies rate. That has been going on since the oil prices busted in 2014.
Can this scenario happen in the GTA office building’s market considering many negative factors nowadays?
I heard a developer paid $300mm for 1 Front Street and approval has been granted to build twin towers. Then there is CIBC Square down the street.God I hope not. A lot of us have REITs that are tied to commercial and office space and it's been a blood bath the past several months.
With people working from home and online shopping, do we need all these new and existing commercial space?
Question: Anybody working from home on camera?
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Calgary housing prices are at 2007-2008 levels. They where more expensive then toronto 10 years ago.I read an article the other day saying office spaces in downtown Calgary and nearby areas are having 25-28% vacancies rate. That has been going on since the oil prices busted in 2014.
Can this scenario happen in the GTA office building’s market considering many negative factors nowadays?
Oh, I see you understand economics and real estate. Oh, I would have such knowledge when I started investing in real estate. I tried to start myself, but I couldn't find a good opportunity to invest in real estate. But then my business friend advised me that he found this site invest properties . On this site I met business partners who turned out to be very smart and experienced people. Thanks to them, I found good projects in which I could invest money. One of these projects is real estate investment. Now I'm buying real estate all over America.
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