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.
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@96BJF8N3yrs3Y
Yes, and they should mandate that unoccupied domestic properties be made available to rent for reasonable rates.
@96B4PTJNew Democratic3yrs3Y
Only if the real estate is unoccupied, and apply the same to residents.
@967SJS3New Democratic3yrs3Y
Yes, but only tax Corporations that own real estate.
@8VRR82C4yrs4Y
Foreigners should not be allowed to purchase land in Canada.
@8VL7RTL4yrs4Y
The tax increases if they buy more property.
@8VBKKBW4yrs4Y
Yes, the tax should be at least 5% but rent should also be capped so the increase isn't pushed onto renters
Government should fund low income housing to make rent more affordable for the middle class. Or put a cap on how much landlords can charge for rent
Yes, should be taxed more if they own more real estate
@8SVMJ6M4yrs4Y
small family owned businesses should not have increased tax but chain and big corporations should have 15% increase
Should be dependent on the net worth of the buyer.
@8LNGGBX4yrs4Y
I dont understand this lol
@8JRFZTY4yrs4Y
Non-residents should be forbidden from purchasing real estate
@8J8TFDJ4yrs4Y
not on small independent businesses
@9BPFSKJ2yrs2Y
Yes, and the tax should be atleast 100%
@99LRPKF2yrs2Y
Yes, home-owning should be for Canadian Citizens, and residents like refugees first. Homes should also be difficult to purchase for individuals that will NOT be living in the homes if they have more than 1 home.
A family should be allowed to own at most 2 homes, but owning several homes and renting them out is immoral and a contributing factor to lack of home affordability and availability for younger generations
Yes, and people should only be able to purchase one house.
@92Z7NFF3yrs3Y
yes, if their property value is over a certain amount or they have a certain level of wealth
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