Most Canadians support foreign-buyer tax: poll
According to Business in Vancouver,
A day after the Ontario government announced a 16-point plan—which includes a 15% foreign-buyer tax similar to Vancouver’s—aimed at increasing housing affordability, a new poll released by Zoocasa.com shows most Canadians are in favour of such a tax.
The survey found 69% supported a foreign-buyer tax, and 61% said they believe foreign buyers are pushing the cost of real estate higher. In British Columbia alone, these feelings were even stronger, with 75% in support of the tax and 74% believing foreign buyers were driving up the cost of real estate.
The detail is here.
Foreign buyers tax could boost Calgary real estate
According to 660 News,
Toronto is the latest Canadian city to announce a foreign buyers tax, following in Vancouver’s footsteps.
The move is an effort to cool down the real estate markets in Canada’s two major cities and it also means foreign buyers are looking elsewhere.
Managing Principal at Urban Analytics, Michael Ferreira, found that when Vancouver implemented their foreign buyers tax there was a spike in interest in Calgary, but it didn’t translate the actual numbers.
Now that the tax has been announced in Toronto, he said that could change.
The detail is here.
Trudeau wants to relieve pressures on GTA real estate, but cautiously
According to Toronto Star,
There are pressures on the real estate market that need to be alleviated, but Ottawa must exercise caution because any measures it implements have a national effect, Prime Minister Justin Trudeau said Thursday.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
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