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
@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
@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
@8PKDRPX4yrs4Y
Yes, if it is by a coorporation
@8LNGGBX4yrs4Y
I dont understand this lol
@8J8TFDJ4yrs4Y
not on small independent businesses
@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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