Mansion Global Daily: International Students Exempt From Canada’s Ban on Non-Residents Buying Homes

Mansion Global Daily: International Students Exempt From Canada’s Ban on Non-Residents Buying Homes

International students are exempt from Canada’s ban on non-resident home purchases

Starting January 1, Canada will ban non-residents from buying houses in the country for two years. However, the ban does not apply to many foreign workers and students who want to live in Canada long-term, the federal government announced on Wednesday. International students who have spent most of the last five years in Canada could buy a house for as little as CAD 500,000 (US$366,000). Foreign workers must have worked and filed tax returns in Canada for at least three of the four years before purchasing a property. CBC

Studio apartments in Hong Kong have been hit the hardest by the market downturn

Hong Kong’s tiny studio apartments, also known as nano-apartments, have been hit hardest by the market slump. In the first 11 months of this year, developers sold 48% of these tiny available apartments, compared to 53% for one-bedroom apartments and 67% for two-bedroom apartments, according to data from Midland Realty. “More buyers can now buy one- and two-bedroom units,” as a result of relaxed mortgage rules and lower prices, said Sammy Po, chief executive officer of Midland’s Home Division. Bloomberg

Fox News host Jesse Watters lists New Jersey beach home for $1.85 million

Fox News host Jesse Watters is selling his Jersey Shore beach home for $1.849 million. Located in Beach Haven, New Jersey, the home has approximately 2,000 square feet of living space with four bedrooms, two full bathrooms and one half. The house was built in 1984 and has recently been updated. Mr Watters, 44, the host of his evening show of the same name and co-host of “The Five,” bought the property in April 2021 for $1.1 million.

Wolfspeed CEO Gregg Lowe suffers a loss at his North Carolina home

Gregg Lowe, CEO of Wolfspeed Inc., a semiconductor designer and manufacturer based in Durham, North Carolina, has sold his sprawling 12-acre Triangle property for $5.6 million, a loss of $750,000 -equivalent to dollars. He and his wife Diana bought the property for $6.35 million in 2017 and put it back on the market two years ago for $7.4 million. Built in 2006, the 15,675 square foot home features five bedrooms, nine bathrooms, an indoor saltwater pool with a waterfall, and a home theater. The home is one of the largest and most expensive in the triangle, named for its proximity to three of the state’s top universities. news watcher

Leave a Reply

Your email address will not be published. Required fields are marked *