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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Non résidents shouldn't be allowed to buy real estate
It should not be owned by non-residents period.
Real-estate should not be owned non citizens.
Foreign ownership should be prohibited.
Canadians should own Canadian soil
@8V9DZN24yrs4Y
Not enough knowledge on the question
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
Make it illegal for foreign non-residents to own property at all
@8R39K474yrs4Y
No. Until housing market (and economy) is corrected to TRUE value, then non-residents should not be allowed to own property here. Eventually individuals, but not corporate entities (like CCP).
No. Non- resident non-citizens should be barred from owning real estate in Canada.
Yes, but only if they are foreign nationals
@8T3R69V4yrs4Y
The government should heavily tax those who own real estate in Canada but do not reside in Canada.
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