Ben Nelms / Reuters
"Chinese buyers still appreciate Canada."
Chris Wattie / Reuters
Opposition politicians say the Liberals are ignoring national security in pushing for Chinese investment.
Chris Wattie / Reuters
Trump's election in the U.S. may drive investors to Canada.
Jason Lee / Reuters
Getting a first-time mortgage from a Canadian bank is like getting security clearance to work at NORAD. Income, credit history, source of down payment funds... are all key measurements to qualifying. These rules, of course, only apply to Canadians. Foreign buyers, some have speculated this week, may be receiving preferential treatment.
Shots fired! While our media has been pointing out how Chinese buyers are driving up real estate prices, the Chinese media has been dissecting our economy and government, and warning Chinese buyers of the dangers of owning Canadian real estate.
There's no tax quite as popular as a tax on someone else. But will the people still be on board once the bills come in for collecting the Vancouver vacancy tax, or when the foreign investment tax has to morph to catch the money coming into the country? Or if housing prices are unaffected? Or if housing prices plunge and Canadian homeowners owe more than their home is worth?
Gleb Garanich / Reuters
When Canadians return from celebrating the Canada Day long weekend, they can expect early July to be hot with discussion of potential changes in mortgage regulations and housing policy. Again. Only this time, the changes could have some real teeth to them.
Business sells business best -- not government folks. Ukrainian officials are putting forth a good sales pitch: they sell themselves as pro-western and pro-business in a country which has a 99.7 per cent literacy rate and is just a two-day truck drive from most EU hubs.
Bloomberg via Getty Images
It's only in this market, with it's unfettered influx of foreign bags of cash that this can happen. If our market was not in overdrive, we would not see such a flagrant waste of a perfectly good home and that's the thing that people are most upset about.
Photography by Steve Kelley aka mudpig via Getty Images
A low loonie also makes it harder for Canadian companies to invest abroad.
Volodymyr Kyrylyuk via Getty Images
High price-to-rent and price-to-income ratios don't signal overvaluation, an overabundance of property speculation, or impending doom. Perhaps they actually signal the ascension of Toronto and Vancouver into the highest of global ranks.
If the next Canadian government doesn't take serious pro-active measures to ensure that the cost of sheltering for Canadians becomes affordable, there is a good possibility where, in a not so distant future, foreigners may become major landlords of Canadian homes, dictating their prices and rentals. Effectively, they'll become in position to hold Canadians at ransom in their own country.
For the past few years, Canadians have been taking advantage of our dollar being worth about the same as the U.S. dollar. From buying up real estate to cross-border shopping, being on par with the U.S. dollar has had its advantages. However, in the last few months, economic factors have driven the Canadian dollar down. It may be time to regroup and look at some strategies to make the weakening dollar work for you.
TORONTO — Economists and researchers are applauding Stephen Harper's election campaign promise to collect data on foreign ownership in the real estate market, but they caution that more information is...
The spending Stephen Harper promised could ultimately lead to strict rules about what kinds of homes — existing or new — foreign investors are allowed to own.
Global migration trends are changing demographics on a large scale, so if we do not employ the right political safeguards right now, many middle-class Canadians may find themselves unable to equally co-exist with wealthy newcomers.
Canada’s government has established a secret committee of senior officials that reviews foreign investment for national-security risk
Foreign investment is a win-win-win-win proposition for countries, consumers, the economy and shareholders. The only losers? Companies who dislike competition -- or people who think Warren Buffett poses an existential threat to Alberta.
Holger Leue via Getty Images
Even before the last economic cycle ended, the bell was tolling. The onset of crisis compounded the doomsaying. Me-first nationalism swept across the planet, threatening to undo the vast global integration that was the last cycle's hallmark. Is globalization dead?
One brief look at Mexico's GDP numbers for 2013, and you'd likely say, "What happened?" At the outset of the year, forecasts were calling for between 3-to-4 per cent growth. Instead, the final tally is looking more like 1.2 per cent. That's a pretty sizeable miss. If lots went wrong in the year, foreign investment in Mexico wasn't on that list; in fact, it had a banner year. What's behind this success?
TORONTO - The Prime Minister defended his government's prerogative to restrict which foreign state-owned companies can bring their business to Canada, saying Friday that it would be "foolish to provid...
Should the "right" of a foreign corporation to make a profit trump governments' attempts to create local jobs, improve environmental regulations or establish laws that raise royalty rates? Most Canadians would say no. But that's what the Conservative government is pushing poor countries to accept if they want Canadian investment.
These flows provide us with access to key resources, fast-growing markets and allow for production systems that are better aligned to country or regional economic attributes owing to the efficiencies of global supply chains. As such, it is essential to keep a close eye on global investment movements. What can we say about recent activity?
Three Conservative MPs wrote to the prime minister and the industry minister to raise concerns about the contentious takeover of Calgary-based oil and gas producer Nexen by a Chinese state-run company...
A recent news report brought up the spectre of briefcases full of illicit Chinese cash making its way into Canada's real estate market, but far more money from the booming Asian economy is coming into...
CALGARY - Foreign capital will continue to flow into Canada's resource sector, despite Prime Minister Stephen Harper's vow to raise the bar on the level of state-owned investment it will allow from no...
OTTAWA - Prime Minister Stephen Harper ended months of market uncertainty by approving the foreign takeovers of Calgary-based Nexen Inc. and Progress Energy Resources Corp. — but insisted future appro...
OTTAWA - Statistics Canada says foreign investment in Canadian securities grew to $13.9 billion in September as investors bought government bonds and corporate equities.Meanwhile, Canadian investment...
CALGARY - Canada — and especially the West — can't function without foreign investment, former prime minister Brian Mulroney said Tuesday as observers were still digesting Ottawa's surprise rejection...
In the same week that China's National Offshore Oil Company (CNOOC) applied for federal approval for its takeover of Canadian oil company, Nexen, Kuwait's state-owned company was reported to have signed a deal with Canada's Athabasca Oil Corp. That's two countries, known for poor ethics, buying a piece of the Canadian oil patch. And yet, our oil remains as ethical as ever.
OTTAWA - Indonesia is eager to boost trade with Canada, but the South Asian country isn't interested in two of the Harper government's top priorities — pursuing a free trade deal or buying Alberta oil...
OTTAWA - The federal government is raising the monetary threshold for a review of a foreign takeover of a Canadian company to $1 billion from $330 million over a four-year period.Ottawa is also creati...