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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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 @8THHZYMfrom Alberta  answered…4yrs4Y

Yes, but only on citizens within the 1 percent of the wealth bracket

 @8D6Z3Z2Liberalfrom Ontario  answered…5yrs5Y

Yes, if they are wealthy

 @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.

 @8VBKKBWfrom Alberta  answered…4yrs4Y

Yes, the tax should be at least 5% but rent should also be capped so the increase isn't pushed onto renters

 @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

 @8TW57YWLiberalfrom Ontario  answered…4yrs4Y

Yes, should be taxed more if they own more real estate

 @8SVMJ6Mfrom Ontario  answered…4yrs4Y

small family owned businesses should not have increased tax but chain and big corporations should have 15% increase

 @8SHVZDWfrom Quebec  answered…4yrs4Y

i dont have a preferance

 @8PKDRPXfrom Alberta  answered…4yrs4Y

Yes, if it is by a coorporation

 @8NNM9ZKNew Democraticfrom Nova Scotia  answered…4yrs4Y

i am uneducated on this issue

 @8LNGGBXfrom Ontario  answered…4yrs4Y

I dont understand this lol

 @8JRFZTYfrom British Columbia  answered…4yrs4Y

Non-residents should be forbidden from purchasing real estate

 @8J8TFDJfrom Ontario  answered…4yrs4Y

not on small independent businesses

 @8D9MVLJfrom Ontario  answered…5yrs5Y

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

 @9CFKRHGfrom Ontario  answered…2yrs2Y

because it would make other home owners not want to buy and more people buying houses means more economic growth

 @99G8LK3from Nova Scotia  answered…2yrs2Y

End Private Ownership

 @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

 @8T88KBJfrom Alberta  answered…4yrs4Y

Yes, but only for out of country non-residents

 @8MPSNLDNew Democraticfrom Ontario  answered…4yrs4Y

Yes, for corporations

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