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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@8PYW5324yrs4Y
Yes and the tax should be at least 50%
@8THHZYM4yrs4Y
Yes, but only on citizens within the 1 percent of the wealth bracket
@9DW82NL2yrs2Y
Non residents should not be allowed to own real estate until they have citizenship
@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.
@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
@8V25LSD4yrs4Y
Yes’s and the tax should be 40%
Yes, should be taxed more if they own more real estate
@99G8LK32yrs2Y
Yes, and people should only be able to purchase one house.
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