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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@8THHZYM4yrs4Y
Yes, but only on citizens within the 1 percent of the wealth bracket
@96BJF8N2yrs2Y
Yes, and they should mandate that unoccupied domestic properties be made available to rent for reasonable rates.
@96B4PTJNew Democratic2yrs2Y
Only if the real estate is unoccupied, and apply the same to residents.
@967SJS3New Democratic2yrs2Y
Yes, but only tax Corporations that own real estate.
@963W6K93yrs3Y
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.
@962SMTX3yrs3Y
Yes, but not for those making over $120K/year
@8VRR82C4yrs4Y
Foreigners should not be allowed to purchase land in Canada.
@8VJ93FXConservative4yrs4Y
Non Canadians should not be allowed to own Canadian property
@8V25LSD4yrs4Y
Yes’s and the tax should be 40%
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
@8TVYVMB4yrs4Y
Increased tax on owning multiple properties to ideally lower cost of housing.
@8TH8NY24yrs4Y
I don't think we should penalize individuals who own one house, but there should be stiff regulation and taxes for private equity or mass purchasing to be slumlords
@8SHYHCR4yrs4Y
I dont understand the question
@8PKDRPX4yrs4Y
Yes, if it is by a coorporation
@8NNM9ZKNew Democratic4yrs4Y
i am uneducated on this issue
@8JRFZTY4yrs4Y
Non-residents should be forbidden from purchasing real estate
@8J8TFDJ4yrs4Y
not on small independent businesses
@8D9MVLJ5yrs5Y
Yes, but it depends on the cost of the home.
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
@8T88KBJ4yrs4Y
Yes, but only for out of country non-residents
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