In 2019 Prime Minister Justin Trudeau proposed a 1% tax on resident non-Canadians. The proposal’s goal is to prevent foreign buyers from driving up the cost of real estate for residents. British Columbia currently levies a 2% speculation tax and Ontario levies a 15% tax. Opponents argue that the current spike in real estate prices is due to the strong domestic economy instead of investments from foreigners.
Narrow down which types of responses you would like to see.
Narrow down the conversation to these participants:
Electoral District (2011):
Electoral District (2013):
@8CB9T9M4yrs4Y
Do not know enough about the subject to make a meaningful stance
@8FZ93WY4yrs4Y
if the real state isn't being housed or maintain a tax should be imposed
@9H6GJSN1yr1Y
I believe that if you simply don't live in Canada, nor are a permanent resident, and or on a student and work visa, you shouldn't be able to purchase property above a certain amount as it simply isn't fair to Canadians who live here and can't afford or purchase a house due to this.
@9FY3GSM1yr1Y
Non-residents who have lived here a certain amount of time should be able to purchase a home without penalty as long as they choose to live in the home and not rent it out.
@8PYW5324yrs4Y
Yes and the tax should be at least 50%
@8THHZYM3yrs3Y
Yes, but only on citizens within the 1 percent of the wealth bracket
@9ZNW7W51mo1MO
Yes the tax should be at least 5% unless they are refugees or low-income for 1 year so they have time to ern enough to pay the tax.
@9ZHRVZKIndependent1mo1MO
The government should impose a tax on all privately-owned land, regardless of whether its owner is foreign or Canadian, and it should be higher than 1%.
@9ZBXLK62mos2MO
No, because those real estate owners will increase the rents to cover those tax fees, resulting in even higher rent payments
@9YNBMP42mos2MO
No, abolish foreign ownership instead except permanent residents who can get one primary residence they have to live in.
@9WYDMSD2mos2MO
No, but we should have a vacancy tax, if a person or business does not put a building to use, within some amount of time we should slowly impose vacancy taxes and consider seizing the asset for public use.
@9W4LHPN2mos2MO
Yes, abd the tax should be at least 50% to deter purchasing of Canadian homes by foreign investors. Current foreign investors should be forced to offload ownership of anything over 2 properties. .
Yes, so long as the funds go back into first-time home buyers or other programs/incentives for Canadian home buyers.
@9MCJ3PYConservative8mos8MO
Yes this is very important and infraction i think it should be more because if they have enough money to buy two houses in this day and age of canada t heir obviously wealthy enough to be able to pay taxes and the taxes from this should be going back to the people not the priminister
@9LHMPCJ9mos9MO
I would consider reviewing the impacts of tax often in your free time to research and adjust your judgement of the policy as needed based on the efficiency and evolving dynamics of the housing market, but a 1% tax on real estate possessed by non-residents can prove to be a solution to challenging housing in Canada, it should be meticulously reminded to address specific local needs, also a mix in other policies aiming to improve affordability in housing and market stability.
@9L5R7PF9mos9MO
The tax should be higher but for non-citizens who are non-residents NOT simply non-residents. If you have been a law abiding citizen and have to move for work or choose to move to another country, you should not pay the high tax. Laws need to be realistic about modern work and life. Many people move in and out of a country due to work, education, retirement, family demands, etc…
@9KZ78YL9mos9MO
Yes, foreign buyers should be banned from buying homes in Canada if they do not reside in Canada full-time.
@9KW8SWP9mos9MO
Yes, and the tax should be at least 10% and current residents should receive a rebate or reduced taxes in return.
@9KKHSQC10mos10MO
Yes, and the tax should be at least 20% Plus a temporary ban on real estate purchases made by non- residents
@9KC6XPW10mos10MO
Tax imposed based on frequency of buy + sell ... to ding speculators, who are driving the prices up.
@9K6HR9K10mos10MO
No, this is retarded, and whoever made this should hang themselves, We shouldn't have a government, neither should the quebecers have when all their people are gone.
@9JWZHWW10mos10MO
No, a real estate tax should only be applied to people who own more than two homes whether or not they are non-residents or citizens
@9FWS2HH1yr1Y
If you are not a citizen or planning to live in Canada you should not be able to buy real estate here.
@9FR4LPX1yr1Y
Yes, people should not be able to own more than one home. You should also not be able to rent it out for-profit.
@9FQ5WWF1yr1Y
The problem is that the foreign buyers have their PR. They don't show up properly.
@9FQ5KS81yr1Y
Only if there is no regular habitation during the year. For example as as a summer home.
Neither is true. While taxing non-residents is one tactic for one part of the problem, there is no simplification of a housing market that can be solved by a one dimensional solution.
@9FP3QX21yr1Y
Yes, and the tax should be enough to dramatically threaten the profit of landowners without fail. 50%<
@9FMPCV81yr1Y
After the economy improves then we can, however with the housing crisis and other such problems it is not currently fisable.
@9FKML6F1yr1Y
No, but the amount of real estate a foreigner should be able to own should be limited
@9FK9CJ71yr1Y
Start with a staggering tax so there is a. Fire sale. Once the housing market begins to equalize, decrease the tax according to the supply and demand.
@9FHB77W1yr1Y
@9FB68RG1yr1Y
Real estate should not be able to be owned by non-residents.
@9F5KMPV1yr1Y
Foreigner buyers shouldn't be allowed to make buying houses more expensive for Canadians.
@9DW82NL1yr1Y
Non residents should not be allowed to own real estate until they have citizenship
Yes, but only foreign non-residents
@9DF4NMQConservative1yr1Y
Yes, taxes should be adjusted with in accordance to the demand of housing.
@9DDZBL41yr1Y
No. That is inhumane to punish any living being for living in a house
@8QW7HCG4yrs4Y
stop taxing poor citizens who work hard inforce more taxes on richer people, i dont think that if you make less than 90,000$ a year u should be taxed
@8PQL4GY4yrs4Y
If by non-residents you mean landlords and companies who own apartment buildings, then not until there is government regulated rent control. By taxing them more, they will make up that money by charging their renters to pay for the tax increase and therefore hurting households that have low incomes. WE NEED RENT CONTROL!
@9RGCB9P5mos5MO
We should be able to investigate if these properties are vacant or not and apply it only for vacant properties and it should be higher.
@9MH4YWF7mos7MO
The existence of a real estate market in itself leads to wealth inequality and creates a power imbalance between those who own property and do not. The problem is not who owns the land, but that the land is owned in itself.
@9H8N9N31yr1Y
They should not own land in another country unless they are a resident of that country or are a citizen of that country.
@9H7847H1yr1Y
No ownership of Canadian real estate by non-residents. Must maintain a Canadian corporation with an office, employing at least one Canadian citizen.
@9GNXXXT1yr1Y
Depends on what you mean by non-residents, as asylum seekers/refugees, consulates/diplomats and ambassadors, as well as NGOs, and so forth could all be seen as foreign, but provide an important service to this country.
@9GL3GM81yr1Y
For residential homes no tax should be imposed however if a non resident sets up a bussiness a tax of 20% should be imposed
@9GH2KFF1yr1Y
The government should impose a 10% tax on everyone living in Canada unless they have been living in Canada as a citizen for over 20 years.
@8TNDXCT3yrs3Y
Yes, and the tax should be at least 70%
@8ZSJL5B3yrs3Y
Yes, and the tax should be at least 95%
@8TMQW463yrs3Y
Yes, and the tax should be 100%
@8VMXKNFNew Democratic3yrs3Y
Yes, and it should be 50%
@8TF629D3yrs3Y
Yes, and the tax should be at least 80%.
Yes, and the tax should be at least 2%
@8T7ZHZS4yrs4Y
Yes, and the tax should be at least 50%
@98XLG3K2yrs2Y
Yes, but the tax should be adjusted based on the financial profile of the individual or corporation in question
@98XTFBC2yrs2Y
If you don't plan on moving here or a Canadian yet, you should have 0 right to buy any property. Unless you're approved to move here then you should own the average amount.
These people screwed our market.
@8Y2YNB93yrs3Y
They shouldn't be allowed to buy
@8YCSYPTConservative3yrs3Y
If Canadians can not buy a home from their country, they should not have the same privilege.
@9CYGHXW1yr1Y
This tax seems like a good idea, but I think it could be higher.
@9BZ2BPD2yrs2Y
Yes, including people from out of province specifically. Ontario homebuyers in NB for instance
@9BWGCTW2yrs2Y
I believe a person wants to buy a house in another country they should pay the tax for the house in that country
@9BRNCGJ2yrs2Y
Foreigners should not own real estate
@9BQLZ9Z2yrs2Y
ONLY if the house vacant
@9BQ2TK92yrs2Y
Yes, but for those who don't pay taxes, or entities that operate outside of Canada.
@9BN6JRT2yrs2Y
No, unless there is a record of flipping properties. A higher tax on revenue generated from the property should be imposed, however, along with a caveat that some percentage of the property(ies) owned be allocated to low income earners.
i think taxes should not change as it was because if its lowered then we get less benefits from the government
@9BC6QHP2yrs2Y
No, the owners will just end up increasing rent prices
@999FLJJ2yrs2Y
it should be based on income
@96LZ6W7New Democratic2yrs2Y
Yes, If the non-residents are corparations. The tax should be 1-5 depending on the size and wealth of the corparation.
@96L4RFD2yrs2Y
Only on those who own more than four houses.
@96KLSS82yrs2Y
I don't get what this means
@96D8MBBConservative2yrs2Y
Is 1% tax really going to help?
@96D85B22yrs2Y
yes because it is a luxury to have a second house
@96BJF8N2yrs2Y
Yes, and they should mandate that unoccupied domestic properties be made available to rent for reasonable rates.
@96BH7YGConservative2yrs2Y
No, Government should be reducing overall tax burden
@96B4PTJNew Democratic2yrs2Y
Only if the real estate is unoccupied, and apply the same to residents.
Yes, only if they keep the estate vacant, the tax should be at least 10%
@968NFQD2yrs2Y
@967SJS3New Democratic2yrs2Y
Yes, but only tax Corporations that own real estate.
@9653HWJ2yrs2Y
No, because charging non-resident homeowners more would cause rent to increase.
@964SF29Conservative2yrs2Y
Yes but only if the non-resident has a high salary.
@963W6K92yrs2Y
Add a tax for people who own many homes but only live in one, and attempt to prevent "house flipping" to help reduce real estate prices and make housing more accessible.
Non résidents shouldn't be allowed to buy real estate
@962SMTX2yrs2Y
Yes, but not for those making over $120K/year
@95ZWDQ52yrs2Y
A tax should be placed for real estate of 15-30% depending on the company itself.
@95YWBT92yrs2Y
Real estate should not be owned by non residents
@95YV2DZ2yrs2Y
Yes, for those not residing in Canada
@95YCKNY2yrs2Y
@95WSRRQ2yrs2Y
Yes, but don't tax those that are permanent residents ect. Have a higher tax for people that are not guarenteed to stay.
@95WMMMT2yrs2Y
Yes, but I am unsure of what rate would work best
@95K5YQG2yrs2Y
Yes, but it should depend on many things. If it's someone who's clearly speculating, and sitting on the property because of it's value, and has no intention of moving to the residence, then they should be subject to the tax, or an even higher tax depending on their income. If it's someone who is a refugee fleeing conflict, a non-permanent resident, someone who has claimed asylum, a foreign diplomat/consulate of another country, or even a international high school/university or college student, they should not be subject to the additional tax, as they have the potential to become citizens, but also can add great value to this country.
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
