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>> Ontario passed laws saying foreign buyers have to pay an additional 15% tax. And foreign buyers were a large chunk of sales. The latest numbers say sales are
by slantyyz 9y ago
>> Ontario passed laws saying foreign buyers have to pay an additional 15% tax. And foreign buyers were a large chunk of sales. The latest numbers say sales are down something like 50% or more. Prices will start to sink soon.
If prices level off in the GTA (I don't think prices will sink), I think it will be because of the upcoming bylaws relating to AirBnB more than the foreign buyer tax.