{"id":119486,"date":"2020-12-09T06:30:13","date_gmt":"2020-12-08T23:30:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/canada-wants-to-tax-phantom-foreign-homebuyers-to-rein-in-red-hot-property-prices\/"},"modified":"2020-12-09T07:03:52","modified_gmt":"2020-12-09T00:03:52","slug":"canada-wants-to-tax-phantom-foreign-homebuyers-to-rein-in-red-hot-property-prices","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canada-wants-to-tax-phantom-foreign-homebuyers-to-rein-in-red-hot-property-prices\/","title":{"rendered":"Canada wants to tax phantom foreign homebuyers to rein in red-hot property prices"},"content":{"rendered":"


\nCanada\u2019s plan to cool a red-hot domestic property market by taxing foreign homebuyers who do not reside in the country could upset the industry recovery and further erode international demand, analysts said. The proposal has gained traction in Prime Minister Justin Trudeau\u2019s government as property agents recorded roaring business and surging prices this year despite the Covid-19 pandemic, suggesting improving sentiment among investors on the market outlook. Some 461,818 homes have changed hands\u2026
\n
\nSource : South China Morning Post
\nRead more…Canada wants to tax phantom foreign homebuyers to rein in red-hot property prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Canada\u2019s plan to cool a red-hot domestic property market by taxing foreign homebuyers who do...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119486","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-v5c","jetpack-related-posts":[{"id":121650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canadian-homes-may-be-off-limits-to-foreign-buyers-for-two-years-trudeau-says-in-re-election-pledge-to-rein-in-runaway-prices\/","url_meta":{"origin":119486,"position":0},"title":"Canadian homes may be off-limits to foreign buyers for two years, Trudeau says in re-election pledge to rein in runaway prices","date":"August 25, 2021","format":false,"excerpt":"\r Prime Minister Justin Trudeau promised to introduce a two-year ban on foreign homebuyers to tackle housing affordability in Canada if he\u2019s re-elected.The proposed restriction is an attempt to cool a housing market that has soared during the Covid-19 pandemic. Surging prices have become a central issue in the campaign\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canadas-home-prices-poised-to-decline-though-not-because-of-the-ban-on-foreign-homebuyers-analysts-say\/","url_meta":{"origin":119486,"position":1},"title":"Canada\u2019s home prices poised to decline \u2026 though not because of the ban on foreign homebuyers, analysts say","date":"January 8, 2023","format":false,"excerpt":"\r Home prices in Canada \u2013 a destination favoured by Hongkongers \u2013 are likely to decline this year as Ottawa implements a two-year ban on most foreigners buying homes. The proscription won\u2019t have an impact, say analysts.\r \r Source : South China Morning Post\r Read more...Canada\u2019s home prices poised to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98870,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britains-pm-theresa-may-wants-to-hit-foreign-homebuyers-with-a-higher-tax\/","url_meta":{"origin":119486,"position":2},"title":"Britain\u2019s PM Theresa May wants to hit foreign homebuyers with a higher tax","date":"October 1, 2018","format":false,"excerpt":"\r Britain\u2019s high-end and luxury home builders face a squeeze as Prime Minister Theresa May prepares to impose higher taxes on foreigners looking to buy properties in the UK. Overseas buyers account for roughly half of all residential transactions in central London, according to Faisal Durrani, head of research at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160940,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/south-koreas-ban-on-foreign-homebuyers-to-cool-seoul-prices-chinese-spending\/","url_meta":{"origin":119486,"position":3},"title":"South Korea\u2019s ban on foreign homebuyers to cool Seoul prices, Chinese spending","date":"September 14, 2025","format":false,"excerpt":"\r South Korea\u2019s new restrictions on foreign homebuyers are likely to cool housing prices in Seoul and neighbouring cities, according to property agents, following a surge in the number of buyers from mainland China and Hong Kong who bought homes in the middle and high-end segments of the market. Hongkongers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56580,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australia-targets-foreign-homebuyers-with-new-taxes\/","url_meta":{"origin":119486,"position":4},"title":"Australia targets foreign homebuyers with new taxes","date":"June 1, 2017","format":false,"excerpt":"\r NSW doubles stamp duty for overseas purchasers in latest bid to subdue Sydney prices\r \r Source : ft.com\r Read more...Australia targets foreign homebuyers with new taxes","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/red-hot-us-property-market-to-get-a-further-boost-when-lifting-of-travel-restrictions-allows-foreign-buyers-back-analysts-say\/","url_meta":{"origin":119486,"position":5},"title":"Red hot US property market to get a further boost when lifting of travel restrictions allows foreign buyers back, analysts say","date":"July 20, 2021","format":false,"excerpt":"\r The return of foreign homebuyers to US real estate once travel restrictions are lifted is likely to further boost prices in one of the world\u2019s hottest property markets, according to analysts and agents.Even in the absence of demand from overseas, low interest rates and a limited supply have pushed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119486"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=119486"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119486\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}