Comments on: 7 Countries That Tax Foreign Property Investors, Should Canada?

By: Investorpropertysg

Investorpropertysg — Thu, 27 Oct 2016 22:28:25 +0000

Singapore government had imposed 15% additional tax on foreigners (except those countries under treaty with Sgp) in a bid to cool housing prices.

It is a small island with lots of potential but these measures have indeed been effective so far in keeping the market balanced.

Thanks for sharing these information about foreign ownership of property in various countries. It is indeed helpful to know more.

By: Patrick H

Patrick H — Fri, 05 Aug 2016 19:24:15 +0000

It amazes me how judgements like this are made and implemented and sold, in this instance as a tax to help affordable housing. What no one reports is how much tax is already built in from fees for new development, development charges, HST on all aspects, land transfer and then they throw in a 15% tax like its nothing. A free and open market can not be ran by idiots they will try and control it and be as successful as a govt introducing a new invasive species to control over population of another.

By: property investment christchurch

property investment christchurch — Mon, 04 Jul 2016 09:33:25 +0000

I have never though the places like Australia and Canada to be a part of this list. Exactly how much profit these investors get? And is there any limit for an investor to invest there must be some boundation.

By: Christopher H

Christopher H — Wed, 18 May 2016 13:59:24 +0000

There’s a lot of domestic buyers that purchase multiple homes too, they’re called landlords. England has the rule where if you purchase a home as a foreign investor, you can rent it out.

By: Dave Ruskins

Dave Ruskins — Wed, 18 May 2016 13:57:50 +0000

The real problem is that Canada provides so many tax breaks for homes as an investment. Countries that don’t provide such generous tax breaks for mortgages don’t have spikes like this.

By: Carol

Carol — Wed, 18 May 2016 13:55:44 +0000

A lot of people are saying it’s racist, but it’s unreasonable to purchase houses and not live in them while most people struggle to piece together a down payment.