The federal government has announced several amendments to its ban on foreign investors purchasing non-recreational residential property in Canada that will increase exceptions to the regulations, such as allowing non-Canadians to purchase residential property for development purposes. The announcement, made by Housing, Diversity, and Inclusion Minister Ahmed Hussen on March 27, amends regulations brought into force by the…
Foreign Investors Banned From Buying Canadian Homes Starting Jan. 1
As of Jan. 1, 2023, foreign investors will be banned by the Canadian government from purchasing non-recreational residential property. The federal government announced the full details Wednesday for new regulations that have been finalized as part of the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which was passed on June 23 and…
Red Tape, High Taxes Deterring Billions in Foreign Investment: Poilievre
Canadian industry has lost hundreds of billions worth of investment funds to red tape, which is the greatest barrier to attracting foreign investment, says Pierre Poilievre, while noting the country has to reform its tax system to retain the workforce that investors and businesses need. Speaking to reporters on Oct. 30 at his first press conference…
Australia to Hike Application Fees and Penalties for Foreign Investors
The Australian government has announced that it will double application fees for foreign investors in an effort to improve the federal budget by $455 million (US$315 million) in the next four years. Starting from July 29, foreigners who invest less than $75,000 will have to pay $4,000 in application fees. And those investing less than…
Foreign Investors Control a State-sized Portion of US Agricultural Land
Multiple foreign countries and investment groups have been quietly acquiring land designated for agriculture in the United States over the past decade. Foreign interests presently control 37.6 million acres of pasture, timber, and farmland. This amounts to an area roughly the size of Iowa, or Illinois. Holdings of U.S. agricultural land by foreign investors grew 55 percent…
Foreign Investors Flee as Chinese Markets Totter
June 24, 2022
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Commentary Foreign investors continued to reduce their holdings of Chinese bonds in May for the fourth consecutive month. The divergent monetary policy between the United States and China, as well as a fundamental economic weakening, have driven foreign investors away from China in droves. And unlike Chinese selloff periods over the last decade-plus, foreign investors…
China’s Banks Are Bursting With Dollars, and That’s a Worry
June 2, 2021
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SHANGHAI/SINGAPORE—A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1…
Analysis: China’s Banks Are Bursting With Dollars, and That’s a Worry
June 2, 2021
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ChinaChina Business & EconomyChina-US Newseconomyexportersforeign investorsInternationalPeople’s Bank of ChinaUSUS NewsWorld
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SHANGHAI/SINGAPORE—A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1…
10 Foreign Investment Traps in China
Commentary International companies often encounter various traps when investing in China, and many have suffered from a total loss of personnel and money. Yu Youjun, the former executive vice-governor of Hunan Province, described the phenomenon of Chinese officials attracting foreign investors into China. Yu was quoted as saying, “You are the boss, he’ll do whatever…
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