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.
Statistics are shown for this demographic
Response rates from 533 Burnaby 41 voters.
87% Yes |
13% No |
44% Yes |
13% No |
39% Yes, and the tax should be at least 10% |
|
3% Yes, and the tax should be at least 20% |
|
1% Yes, and the tax should be at least 5% |
Trend of support over time for each answer from 533 Burnaby 41 voters.
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Trend of how important this issue is for 533 Burnaby 41 voters.
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Unique answers from Burnaby 41 voters whose views went beyond the provided options.
@8CB9T9M4yrs4Y
Do not know enough about the subject to make a meaningful stance
@8FZ93WY4yrs4Y
if the real state isn't being housed or maintain a tax should be imposed
@9H6GJSN12mos12MO
I believe that if you simply don't live in Canada, nor are a permanent resident, and or on a student and work visa, you shouldn't be able to purchase property above a certain amount as it simply isn't fair to Canadians who live here and can't afford or purchase a house due to this.
@9FY3GSM1yr1Y
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.
@8PYW5324yrs4Y
Yes and the tax should be at least 50%
@8THHZYM3yrs3Y
Yes, but only on citizens within the 1 percent of the wealth bracket
@9ZHRVZK1wk1W
The government should impose a tax on all privately-owned land, regardless of whether its owner is foreign or Canadian, and it should be higher than 1%.
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