New Zealand to ban foreigners from buying existing houses

Re:New Zealand to ban foreigners from buying existing houses by hackits on Thursday October 26, 2017 @07:26PM (#15564154)

Then why did your real-estate prices go down when they disallowed foreign investor's?

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Re:New Zealand to ban foreigners from buying existing houses by refurb on Thursday October 26, 2017 @07:44PM (#15564281)

Coincidental. Vancouver was poised for a massive correction after prices increased 30% in the past 12 months.

My understanding is that condo sales and prices are still strong. So I'd ask if foreign purchases were the cause, why are condo sales still going up?

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Re:New Zealand to ban foreigners from buying existing houses by myth_drannon on Friday October 27, 2017 @09:07AM (#15567895)

And after they were kicked out from Toronto they moved to Montreal. Prices/Sales in Mtl had increased by highest percentage on record (and that after 5 years being flat)

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Re:New Zealand to ban foreigners from buying existing houses by gnopgnip on Thursday October 26, 2017 @08:33PM (#15564566)

Toronto homes in certain neighborhoods lost nearly 25% compared their peak value in April. There were no restrictions on foreign investors.

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Re:New Zealand to ban foreigners from buying existing houses by kitcar on Thursday October 26, 2017 @08:39PM (#15564587)

To clarify for those not versed in Canadian tax policy, April is when the foreign investor tax was announced in Toronto: https://www.theguardian.com/world/2017/apr/20/toronto-foreig...

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