6 ms·
It doesn't look like TO will implement the foreigner tax. Just hear talk but no action. Frankly, the amount of the tax is so tiny, it makes me believe that ther
by trapperkeeper79 10y ago
It doesn't look like TO will implement the foreigner tax. Just hear talk but no action. Frankly, the amount of the tax is so tiny, it makes me believe that there is something else afoot. In any case, I'm dreaming of the day housing becomes affordable in Canada once again.
- CountSessine 10y agoFrankly, the amount of the tax is so tiny, it makes me believe that there is something else afoot. It won't make any difference at all to the dozen or so billionaires who are looking to buy their Nth house in Vancouver. But it has devastated the detached housing market below $5 million here and that will ultimately put pressure on condos and townhouses. I think the only reason it's working is that TO and Seattle don't have a similar tax; Vancouver has made itself less attractive, but only marginally so.