New Zealand Weakens Bill Banning Sale of Homes to Foreigners

auck

In an attempt to tackle a housing shortage and increased real estate prices on the archipelago, New Zealand lawmakers passed a bill that would ban foreign investors from purchasing more than 60% of new apartment and condo buildings. Initially, the law was much more strict and unforgiving, but now, if now non-residents and other foreigners will be able to purchase land, houses, and apartments. The rewritten law also exempts Singaporean nationals from any housing investment limitations under … [Read more...]

Toronto Starts Sales on First Smokeless Condo

Boathouse_Condominium

Days after Canada legalized marijuana nationwide, sales have started on Toronto's first smokeless condo. The condo, slated to open in 2021, is going against the grain of businesses trying to get in on the new profits that the recent weed bill will bring. The condo owners state that after weighing the rights of the smokers and those impacted by the smoke, they decided that going smokeless was the best decision. "We know that smoke moves between units in buildings, it's impossible to … [Read more...]