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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@9FP3QX22yrs2Y
Yes, and the tax should be enough to dramatically threaten the profit of landowners without fail. 50%<
You shouldn't be allowed to own real estate as a non-resident
@8V43YB24yrs4Y
Non-residents aren't the problem, domestic landlords hoarding are
@8TR7LCQ4yrs4Y
Just ban speculative real estate
@8SVBCXB4yrs4Y
Non-residents shouldn't be allowed to own real estate.
Foreign citizens shouldn't be allowed to buy housing
It depends. This tax could effect immigrants that need housing after fleeing their country.
@9B7JC862yrs2Y
Yes, but only if they are living outside of Canada
Yes, and people should only be able to purchase one house.
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