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

Non-residents who have lived here a certain amount of time should be able to purchase a home without penalty as long as they choose to live in the home and not rent it out.

Abolish money

Depends on the buyer and what the purpose is. A non Canadian company who wants to set up shop here and create jobs should be welcome to do so without an additional tax, but say, foreign investors and buyers from China or BlackRock who have no intention of ever living here wants to eat up all the available houses and turn them into rentals should be straight up banned from doing so.

Yes, the percentage should be as high as it can be while limiting the impact on investor's activity in the construction of houses

No, they should instead be forced to sell their properties to people living here who actually need housing. Again, housing is NOT an investment, it's a right!

Yes, so long as the funds go back into first-time home buyers or other programs/incentives for Canadian home buyers.

Yes this is very important and infraction i think it should be more because if they have enough money to buy two houses in this day and age of canada t heir obviously wealthy enough to be able to pay taxes and the taxes from this should be going back to the people not the priminister

I would consider reviewing the impacts of tax often in your free time to research and adjust your judgement of the policy as needed based on the efficiency and evolving dynamics of the housing market, but a 1% tax on real estate possessed by non-residents can prove to be a solution to challenging housing in Canada, it should be meticulously reminded to address specific local needs, also a mix in other policies aiming to improve affordability in housing and market stability.

Yes, foreign buyers should be banned from buying homes in Canada if they do not reside in Canada full-time.

Yes, and the tax should be at least 20% Plus a temporary ban on real estate purchases made by non- residents

No, this is retarded, and whoever made this should hang themselves, We shouldn't have a government, neither should the quebecers have when all their people are gone.

If you are not a citizen or planning to live in Canada you should not be able to buy real estate here.

Yes, people should not be able to own more than one home. You should also not be able to rent it out for-profit.

Only if there is no regular habitation during the year. For example as as a summer home.

Neither is true. While taxing non-residents is one tactic for one part of the problem, there is no simplification of a housing market that can be solved by a one dimensional solution.

Yes, and the tax should be enough to dramatically threaten the profit of landowners without fail. 50%<

Start with a staggering tax so there is a. Fire sale. Once the housing market begins to equalize, decrease the tax according to the supply and demand.

Abolish private property

Yes, but only foreign non-residents

If by non-residents you mean landlords and companies who own apartment buildings, then not until there is government regulated rent control. By taxing them more, they will make up that money by charging their renters to pay for the tax increase and therefore hurting households that have low incomes. WE NEED RENT CONTROL!

Yes the tax should be at least 5% unless they are refugees or low-income for 1 year so they have time to ern enough to pay the tax.

No, because those real estate owners will increase the rents to cover those tax fees, resulting in even higher rent payments

The existence of a real estate market in itself leads to wealth inequality and creates a power imbalance between those who own property and do not. The problem is not who owns the land, but that the land is owned in itself.

No ownership of Canadian real estate by non-residents. Must maintain a Canadian corporation with an office, employing at least one Canadian citizen.

For residential homes no tax should be imposed however if a non resident sets up a bussiness a tax of 20% should be imposed

Yes, and the tax should be at least 70%

Yes, and the tax should be at least 95%

Yes, and the tax should be 100%

Yes, and the tax should be at least 80%.

Yes, if they are wealthy

Yes, and the tax should be at least 50%

This tax seems like a good idea, but I think it could be higher.

what does that mean

I believe a person wants to buy a house in another country they should pay the tax for the house in that country

Yes, but for those who don't pay taxes, or entities that operate outside of Canada.

No, unless there is a record of flipping properties. A higher tax on revenue generated from the property should be imposed, however, along with a caveat that some percentage of the property(ies) owned be allocated to low income earners.

i think taxes should not change as it was because if its lowered then we get less benefits from the government

No, the owners will just end up increasing rent prices

this is my own stance

Yes, If the non-residents are corparations. The tax should be 1-5 depending on the size and wealth of the corparation.

Only on those who own more than four houses.

I donr know

Is 1% tax really going to help?

yes because it is a luxury to have a second house

No, Government should be reducing overall tax burden

I'm chill with it now

Yes, but only tax Corporations that own real estate.

i don’t care

No, because charging non-resident homeowners more would cause rent to increase.

Yes, but not for those making over $120K/year

Real estate should not be owned by non residents

Non-residents should be banned from owning any real estate.

no, the tax on real estate owned by anyone should be charged the same tax.

Yes, but only on for- profit industries

I honestly have no idea what this even means

yes for personal homes. non residents should not own commercial real estate

Non- residents should not be allowed to own Canadian property.

No taxes at all

Strict and well enforced rent controls might discourage foreign ownership.

Yes the tax should be atleast 5% and it needs to make sure that renters cannot charge more and essentially place the tax on the tenants.

Yes, and the tax should be at lest 80%

i also dont understand this

If Canadians can not buy a home from their country, they should not have the same privilege.

no this won't do anything and is probably going to expand to a ridiculous level were it would stop foreign buyers

I believe a non resident of Canada tax for those jot living in the country should pay starting at a 2.5% tax with increments on real estate.

First 5 years increase .5% with ample notice for investors,both externally and internally as people rely on real estate investments for retirement fundings, tfsa, etc.

After 5, increase of 1% up at year to 15%.

Enact ability for agency to fluctuate this percent by 2.5% up or down in order to help tame cooling or hearing markets. With ability to further with House vote

Yes if it’s not a primary residence or cottage

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

If it is not their primary residence, owned and operated business out of said building, or holiday home.

No, this will only reflect in rent rates for tenants.

There shouldn’t be private property.

There should be some kind of tax.. to prevent money sheltering… there would need to be stipulations not very straight forward

The tax increases if they buy more property.

yes but as long as the home owner isn't paying more the necessary

Non-residents shouldn't be allowed to purchase real estate

Yes impose a tax on single family homes that are being used for the purpose of renting but exempt apartment buildings and condo's

No more taxes in Canada please.

Only if the real estate is luxurious (exceeds 2m dollars) or/and if a non-resident owns more than 1 home

Yes, and the tax should be 50%

They shouldn't own if not a resident

yes and should be at lease 50%

Non-residents should not be allowed to purchase real estate in Canada.

It depends on their economic/financial status.

1% tax on property value each year, or when purchasing? Non-residence of Canada or of the property? This question is not clearly worded.

Not enough knowledge on the question

Only if the home is vacant and the rate should be 10-20% of its value

I don't have all the information needed to have an opinion on this matter

I don't understand this enough to have an opinion on it.

10% if that $ goes back into the system to assist residing buyers

It should be 10% if the property is generating income

Ban foreign ownership to avoid speculation

Non-residents aren't the problem, domestic landlords hoarding are

Yes, but only for the wealthy.

No, foreign home ownership should be made illegal. Only citizens or residents should own homes in Canada.

Yes if this is not theirs primary residence

They shouldn’t be allowed to buy homes if they are not a Canadian resident

Only for luxury properties or people who are living lavishly in Canada

To International buyers