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@ISIDEWITHQuestionsHousing Issues5yrs ago

Should the government impose a 1% tax on real estate owned by non-residents?

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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 @8D6Z3Z2Liberalfrom Ontario  answered…5yrs5Y

Yes, if they are wealthy

 @9B2BWNCfrom Prince Edward Island  answered…2yrs2Y

Non ho capito bene

 @96BJF8Nfrom British Columbia  answered…2yrs2Y

Yes, and they should mandate that unoccupied domestic properties be made available to rent for reasonable rates.

 @96B4PTJNew Democraticfrom British Columbia  answered…2yrs2Y

Only if the real estate is unoccupied, and apply the same to residents.

 @967SJS3New Democraticfrom Ontario  answered…2yrs2Y

Yes, but only tax Corporations that own real estate.

 @963W6K9from British Columbia  answered…3yrs3Y

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.

 @8VVHG8Sfrom Ontario  answered…4yrs4Y

Those who does not have any canadian relatives, yes. Who inherited property from a canadian, no.

 @8VRR82Cfrom British Columbia  answered…4yrs4Y

Foreigners should not be allowed to purchase land in Canada.

 @8VL7RTLfrom Ontario  answered…4yrs4Y

The tax increases if they buy more property.

 @8VBQ62Zfrom British Columbia  answered…4yrs4Y

Should be a ban of foreign buyers all in all

 @8TXZV9HPeople’sfrom Ontario  answered…4yrs4Y

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

 @8THTVXZLiberalfrom Ontario  answered…4yrs4Y

I do not understand this.

 @8SHYHCRfrom Ontario  answered…4yrs4Y

I dont understand the question

 @8PNFWF2Liberalfrom British Columbia  answered…4yrs4Y

Should be dependent on the net worth of the buyer.

 @8PKC2WFfrom Ontario  answered…4yrs4Y

Depends where you live

 @8HTQ8ZDConservativefrom British Columbia  answered…4yrs4Y

, no , Should be the same. But pay more property tax

 @8D9MVLJfrom Ontario  answered…5yrs5Y

Yes, but it depends on the cost of the home.

 @99KKJPJfrom Ontario  answered…2yrs2Y

Just don't really care for this one

 @97QYQ2VCommunistfrom Ontario  answered…2yrs2Y

Yes, and people should only be able to purchase one house.

 @92Z7NFFfrom Ontario  answered…3yrs3Y

yes, if their property value is over a certain amount or they have a certain level of wealth

 @8MPSNLDNew Democraticfrom Ontario  answered…4yrs4Y

Yes, for corporations

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