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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@B4BM96J5 days5D
Investment properties ought to be taxes but if the property is someone's private residence they should not be penalised for owning a home
@B48NXNX1wk1W
Yes, and instead to lower real state they should lower restrictions and promote multi-family housing such as apartments.
Non résidents shouldn't be allowed to buy real estate
@95WMMMT3yrs3Y
Yes, but I am unsure of what rate would work best
@93Z7PKR3yrs3Y
Yes, but only for non Canadians
It should not be owned by non-residents period.
@8WFRGBH3yrs3Y
Increase if they can buy property they can pay tax.. more tax more for the benefits of people
@8VVVLWQ4yrs4Y
Yes only on non canadians
@8VH2TZWConservative4yrs4Y
Yes, I believe in maintaining a variable tax rate to control the influx of non résident investors. There should also be strict guidelines that they must follow in order to purchase property in Canada. The federal government also needs better statistics with regards to the real estate market.
Canadians should own Canadian soil
@8VBWMGG4yrs4Y
Yes, and the tax should be at least 99%.
@8VB9WHQ4yrs4Y
Depends on income of non resident and intention of purchase re: principal residence vs. investment property
@8V59HBK4yrs4Y
Tax on all non-co-op and public housing. Tax private property out of existance.
@8V2DH6S4yrs4Y
Non-residents should be banned from owning any real estate in Canada
@8TYZPLK4yrs4Y
Yes except if its people moving because of work with Canada
@8TWS4H34yrs4Y
Yes, depending on the financial status of that person, it should be more if their net worth is higher, etc
@8SHVZDW4yrs4Y
i dont have a preferance
@8RX87T34yrs4Y
restricted foreign interests from purchasing significant real estate
@8RS6P8RBloc Québécois4yrs4Y
Yes if not primary residence
@8PJYQC34yrs4Y
People are their own self and their differences shouldn’t change for things like tax’s
@8H4G5CG4yrs4Y
i don't now what this means
@8DG6C635yrs5Y
I don’t have enough information about the topic.
yes, but only if the non-residents come from first world countries
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