{"id":80579,"date":"2018-02-21T09:07:52","date_gmt":"2018-02-21T02:07:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/vancouvers-hot-property-market-gets-tougher-for-wealthy-chinese-as-foreign-buyer-tax-is-raised-to-20pc\/"},"modified":"2018-02-21T10:03:08","modified_gmt":"2018-02-21T03:03:08","slug":"vancouvers-hot-property-market-gets-tougher-for-wealthy-chinese-as-foreign-buyer-tax-is-raised-to-20pc","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vancouvers-hot-property-market-gets-tougher-for-wealthy-chinese-as-foreign-buyer-tax-is-raised-to-20pc\/","title":{"rendered":"Vancouver\u2019s hot property market gets tougher for wealthy Chinese as foreign buyer tax is raised to 20pc"},"content":{"rendered":"


\nVancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers.
\nBritish Columbia Finance Minister Carole James announced measures targeting foreign buyers and speculators in the first budget since her government was elected on a pledge to make housing more affordable for residents of Canada\u2019s Pacific Coast province.
\nStarting Wednesday, foreigners will pay the province a 20 per cent tax on top of the listing value, up from 15 per cent…
\n
\nSource : South China Morning Post
\nRead more…Vancouver\u2019s hot property market gets tougher for wealthy Chinese as foreign buyer tax is raised to 20pc<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Vancouver, one of the hottest housing markets in North America, is getting a little tougher...<\/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-80579","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-kXF","jetpack-related-posts":[{"id":72313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speculation-rampant-in-vancouvers-red-hot-condominium-market\/","url_meta":{"origin":80579,"position":0},"title":"Speculation rampant in Vancouver\u2019s red-hot condominium market","date":"November 20, 2017","format":false,"excerpt":"\r The condominium market has turned red-hot in the Canadian city of Vancouver, with agents saying local and offshore buyers are snapping up units that are not yet completed, even as a foreign buyer tax has sent detached home sales plunging. Condo prices have escalated so quickly that some owners\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/toronto-to-introduce-15-per-cent-foreign-buyer-tax-in-bid-to-calm-red-hot-housing-market\/","url_meta":{"origin":80579,"position":1},"title":"Toronto to introduce 15 per cent foreign-buyer tax in bid to calm red-hot housing market","date":"April 21, 2017","format":false,"excerpt":"\r Foreign nationals who don\u2019t live in Canada\u2019s biggest city and its surrounding communities will pay an additional 15 percent tax on home purchases under legislation proposed by the government of Ontario province. Ontario Premier Kathleen Wynne made the announcement Thursday in an effort to cool a hot housing market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-buyers-cooling-on-australian-homes-as-financing-gets-harder-to-find\/","url_meta":{"origin":80579,"position":2},"title":"Chinese buyers cooling on Australian homes as financing gets harder to find","date":"November 20, 2017","format":false,"excerpt":"\r Chinese demand for Australian residential property has eased because of tighter capital controls imposed by Beijing and tougher restrictions on mortgage lending by local banks, according to a senior official at Australia\u2019s central bank. The Reserve Bank of Australia\u2019s head of financial stability, Jonathan Kearns, said on Monday that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-ownership-main-culprit-for-vancouvers-unaffordable-housing-a-top-destination-for-chinese-funds-unimpeachable-study-says\/","url_meta":{"origin":80579,"position":3},"title":"Foreign ownership main culprit for Vancouver\u2019s unaffordable housing, a top destination for Chinese funds, \u2018unimpeachable\u2019 study says","date":"June 26, 2019","format":false,"excerpt":"\r A study has found long-sought evidence linking foreign ownership to extreme housing unaffordability in Vancouver, a Canadian city that has attracted waves of Chinese capital and millionaire migrants.The white paper by Josh Gordon, an assistant professor at Simon Fraser University\u2019s school of public policy, found a near-perfect 96 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/january-home-sales-10-per-cent-below-vancouvers-10-year-average\/","url_meta":{"origin":80579,"position":4},"title":"January home sales 10 per cent below Vancouver\u2019s 10-year average","date":"February 3, 2017","format":false,"excerpt":"\r By Emma Crawford Hampel Months after new government measures such as the 15 per cent foreign-buyer tax and federal mortgage rules put in place to cool the housing market in Vancouver, home sales across the region continue to drop. A total of 1,523 homes were sold in Metro Vancouver\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26143,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vancouvers-luxury-home-sales-have-slowed-but-are-expected-to-normalise\/","url_meta":{"origin":80579,"position":5},"title":"Vancouver's luxury home sales have slowed but are expected to normalise","date":"September 15, 2016","format":false,"excerpt":"\r The introduction of a 15 per cent foreign buyers tax this summer has led to a slowdown in Vancouver\u2019s luxury home market, but the effects will likely be temporary, according to a Sotheby\u2019s report released September 14.\r \r Source : South China Morning Post\r Read more...Vancouver's luxury home sales\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\/80579"}],"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=80579"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/80579\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=80579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=80579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=80579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}