Liberals' proposed foreigner-targeted tax will not cool down markets

9/17/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

The Liberals’ campaign promise of a new tax on foreign home buyers may not be enough to moderate a national housing market on the resurgence, observers ... More

Tags: Foreign Buyers Tax, NonResident Tax, Real Estate Speculators, Speculation Tax

Ontario to tax foreign buyers, expand rent control

4/20/2017 | Posted in Ontario Real Estate by Jessi Sandhu

Ontario plans to help cool a hot housing market by bringing in a 15-per-cent foreign buyer tax, expanding rent control, allowing Toronto to impose a tax on vacant homes and using ... More

Tags: Empty Home Tax, Foreign Buyers Tax, Greater Golden Horseshoe, GTA Real Estate Market, NonResident Tax, NRST, Ontario, Ontario Real Estate, Ontario Real Estate News

Ontario considers housing tax for non-resident speculators

4/18/2017 | Posted in Ontario Real Estate by Jessi Sandhu

Seeking to tame a roaring housing market in greater Toronto, the Ontario government is considering a speculation tax on home purchases by non-residents according to the The Globe ... More

Tags: NonResident Tax, Ontario, Ontario Real Estate, Ontario Real Estate News, Real Estate Speculators