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Vancouver 15% tax on foreign home buyers

Chalanachithram.com DB » New TF Industry Related » Archive through September 19, 2016 » Vancouver 15% tax on foreign home buyers « Previous Next »
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Saarang
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Posted on Friday, September 16, 2016 - 08:14 pm:       


Awesomedber:

Seattle Metro area lo around 20% appreciation undi antunnaru last 1 year lo :-)
Maaku telsina oka couple 6 month wait chesi 10% ekkuva petti teesukunnaru Bothell lo. Vallu koni 6 months avutuindi .. inko 3-4 months lo possession undi . ippudu inko 10% perigindi antunnaru :-)




Housing market has been crazy since 2013...more than 2 years nundi searching vallu kooda unnaru...don't know where it is headed long term. On a well priced home, you will have hardly 2 days to make a decision. Mana vallu 800 dollar washing machine ki 2 months searching chestaaru...ippudu forced to make 800k decisions in 2 days...anduke antha delay avutundhi.
 

Awesomedber
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Posted on Friday, September 16, 2016 - 07:58 pm:       


Saarang:



Seattle Metro area lo around 20% appreciation undi antunnaru last 1 year lo :-)
Maaku telsina oka couple 6 month wait chesi 10% ekkuva petti teesukunnaru Bothell lo. Vallu koni 6 months avutuindi .. inko 3-4 months lo possession undi . ippudu inko 10% perigindi antunnaru :-)
 

Saarang
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Posted on Friday, September 16, 2016 - 07:24 pm:       

$80,000 median: Income gain in Seattle far outpaces other cities

http://www.seattletimes.com/seattle-news/data/80000-median-w age-income-gain-in-seattle-far-outpaces-other-cities/

If your household earns less than $80,000 per year, you’re now in the minority in Seattle.

That stunning news came to light in data released Thursday by the Census Bureau. It shows that in 2015, Seattle’s median household income broke the $80,000 mark.

How? By jumping nearly $10,000 in just one year.

That’s the biggest increase among the 50 most-populous U.S. cities — and it wasn’t even close. No. 2 San Francisco’s jump lags behind us by more than $2,000.
 

Andhravodu
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Posted on Thursday, September 15, 2016 - 10:53 pm:       


Emc2:

VA and DC market lo alane chepparu,


DC lo desi's eppudu ellaru, ayina last 5 years inner beltway and DC are as hot as bay area. beltway outside anta peragaledu, loudon county taggindi ante adi vere vishayam


Emc2:

cupertino and sfo area nunchi bayataki vachi chudu, M ayipoyina areas


bay area lo ekkada deal ledu unkle, 5yrs nunchi taggiddi taggiddi ane antunnaru, cut cheste Fremont lo 800k for 1200sqft townhouse. SF lo aite 1.5million etc etc
http://imgur.com/t/eli_manning/5GvVXeT
 

Emc2
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Posted on Thursday, September 15, 2016 - 08:44 pm:       


Andhravodu:




just cupertino and sfo area nunchi bayataki vachi chudu, M ayipoyina areas

US lo real estate is dangerous game,play safe
 

Emc2
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Posted on Thursday, September 15, 2016 - 08:42 pm:       


Andhravodu:




VA and DC market lo alane chepparu,

cut chesthe still 2005 prices,

very limited areas base chesukuni boom unappudu invest chesth M the matash gaurantee

 

Andhravodu
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Posted on Thursday, September 15, 2016 - 07:42 pm:       


Bushu:

SF bay area GDP is roughly 600 bil. seattle is around 300 bil.


Seattle metro population is half of bay area. per capita gdp is pretty much same uncle, Seattle is undervalued compared to bay
http://imgur.com/t/eli_manning/5GvVXeT
 

Bushu
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Posted on Thursday, September 15, 2016 - 07:31 pm:       


Andhravodu:




SF bay area GDP is roughly 600 bil. seattle is around 300 bil.
 

Andhravodu
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Posted on Thursday, September 15, 2016 - 07:27 pm:       


Bushu:

still way better than seattle or vancouver


seattle lo just amazon hired ~40k a year from last 2 years. Seattle is in a big construction phase, and still cannot support their real estate needs anytime soon
http://imgur.com/t/eli_manning/5GvVXeT
 

Bushu
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Posted on Thursday, September 15, 2016 - 07:21 pm:       


Andhravodu:

bay area lo 10yrs patu chepparu ivi. cut cheste, doubled, tripled




bay area has the economy to sustain that craze. maybe not forever but still way better than seattle or vancouver.
 

Andhravodu
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Posted on Thursday, September 15, 2016 - 07:14 pm:       


Emc2:

Canada or Seattle lo kone vallu moosukuni konni rojulu aagandi

Market will not sustain like this


bay area lo 10yrs patu chepparu ivi. cut cheste, doubled, tripled
http://imgur.com/t/eli_manning/5GvVXeT
 

Emc2
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Posted on Thursday, September 15, 2016 - 06:48 pm:       

Canada or Seattle lo kone vallu moosukuni konni rojulu aagandi

Market will not sustain like this
 

Bushu
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Posted on Thursday, September 15, 2016 - 06:48 pm:       

Smart. chinese hot money is killing locals. thappadhu. lot of money laundering is done through NA real estate through shell companies. might as well milk the most.
 

Emc2
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Posted on Thursday, September 15, 2016 - 06:46 pm:       

Good move

Chinku gallu picha picha ga kontunnaru

China nakesthundi ani
 

Jp_rocks
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Posted on Thursday, September 15, 2016 - 03:04 pm:       

varanee...dabbuluntai, konukkuntaru..this is discriminating
 

Gotcha
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Posted on Thursday, September 15, 2016 - 02:26 pm:       

Rental auite enta ROI ravachu, 8% vastunda if bought in these places?
...
 

Saarang
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Posted on Thursday, September 15, 2016 - 02:14 pm:       


Andhravodu:

Seattle Ballad lo ippudu konte, 5yrs lo 1million antunnaru, tempting ga undi




Ballard lo recent years lo build chesina house ippude vastundhi 1 million.
 

Uno
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Posted on Thursday, September 15, 2016 - 02:09 pm:       

The real estate is hot in Toronto too..but cooled little bit now.Even now a under 2000 sft TOWN HOME in Suburbs of Toronto is around $700k to $900k
Annual property taxes are anywhere in range of 1% to 2% of home value
 

Andhravodu
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Posted on Thursday, September 15, 2016 - 02:05 pm:       

Seattle Ballad lo ippudu konte, 5yrs lo 1million antunnaru, tempting ga undi
http://imgur.com/t/eli_manning/5GvVXeT
 

Simba
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Posted on Thursday, September 15, 2016 - 01:57 pm:       


Stellar:

chinki gaallu ekkuva buying anukunta


idi mathram nijam. Chinki gallu mottham Vancouver take over chesaru. ekkada choosina vaalle... Canada lo unnana, China lo unnana artham kaaledu
 

Saarang
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Posted on Thursday, September 15, 2016 - 01:57 pm:       


Andhravodu:

eppudo started ga ee 15% tax

ninna inko article choosa, hottest area is now Toronto ani

ee tax easy ga avoid cheyochu, with a canadian PR or shell corporation ani kooda choosa




Last month started...chaala impact undhi anta in cooling demand from china.

Sotheby's vaadu China batch ni Seattle ki attract cheyyataniki trying...

Realogics Sotheby’s International Realty (RSIR) has announced an alliance with Juwai.com that enables the luxury real estate brand to generate Chinese buyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors.
Chinese Real Estate Buyers

China is already the second-largest source of visits to sothebysrealty.com, only after the United States, and accounts for one out of every 10 visitors. Additionally, in a recent report released by RSIR, the imposition of a 15% foreign investment tax in Vancouver, B.C. is increasing search traffic by Chinese buyers for real estate in the Puget Sound. Matthew Moore, President of the Americas for Juwai.com, noted significant changes: “Juwai.com buying enquiries to Seattle increased by 143 percent in August 2016, compared to one year earlier. Meanwhile buying enquiries to Vancouver dropped by 81 percent during the same period, with all of that drop concentrated in the premium end of the market.”

"History may be repeating itself south of the Canadian border," said Jones of Vancouver's global arrival over the past two decades. "Savvy investors recognize the opportunity as do other stakeholders from Chinese developers to Chinese airlines—everyone agrees the Seattle area is fundamentally well-positioned. Fortunately, overseas demand is on top of our domestic housing drivers like job growth, increased population and wealth generation. The Pacific Northwest already leads the nation with median home price increases and rent growth."

In August 2016, the median home price of a detached home in the Seattle/Bellevue metro area was $670,000, an increase of 9.8 percent year-over-year. By comparison, median prices in San Francisco at $1,106,400 [4] and in Vancouver at $1,214,250 [5] (US) were higher than Seattle by 65.1 percent and 81.2 percent, respectively.

"Luxury in the Pacific Northwest is still a relative bargain," observes Jones. "In a global market, a record price can be quickly rendered a great value, especially when compared with West Coast peer cities"
 

Pete_sampras
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Posted on Thursday, September 15, 2016 - 01:55 pm:       


Stellar:

chinki gaallu ekkuva buying anukunta



Eellani apatam kastam anukunta...Australia lo few years back housing market cool ayyindi ani foreign tax tesesaru....now entire market is taken over by chinki buyers...
 

Andhravodu
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Posted on Thursday, September 15, 2016 - 01:53 pm:       

eppudo started ga ee 15% tax

ninna inko article choosa, hottest area is now Toronto ani

ee tax easy ga avoid cheyochu, with a canadian PR or shell corporation ani kooda choosa
http://imgur.com/t/eli_manning/5GvVXeT
 

Stellar
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Posted on Thursday, September 15, 2016 - 01:49 pm:       

chinki gaallu ekkuva buying anukunta
 

Saarang
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Posted on Thursday, September 15, 2016 - 01:48 pm:       

http://www.cbc.ca/news/canada/british-columbia/metro-vancouv er-home-sales-foreign-buyers-tax-1.3694167

The B.C. government took steps Monday to reduce some of the pressure in Metro Vancouver's overheated real estate market, introducing legislation that would add a 15 per cent property transfer tax for foreign nationals buying real estate there.

The new rules take effect Aug. 2 and only apply to home purchases in Metro Vancouver, excluding the treaty lands of the Tsawwassen First Nation.

For example, the additional tax on the purchase of a home selling for $2 million to a foreign national will amount to an additional $300,000," de Jong told members of the legislature.

All B.C. residents currently pay a one per cent tax on the first $200,000 of their purchase, two per cent on the remaining value up to $2 million and three per cent on any portion above that.

Last month, the Real Estate Board of Greater Vancouver said its benchmark price for detached properties in Vancouver had risen above $1.5 million.

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