Speculation tax more political than practical

The Ontario government’s recently announced policy changes won’t have a significant impact on the real estate market.

Non-resident speculation tax
The government’s 15 per cent tax on the purchase price of all property in the Greater Toronto Area by non-residents of Canada is intended to curb the influx of foreign money into the market, which some believe is fuelling the rise in the value of residential real estate.

 

Please read the full article at http://www.advocatedaily.com/lisa-laredo-speculation-tax-more-political-than-practical.html