Yahoo Finance Canada: Why Canada's new foreign buyers tax won't fix skyrocketing home prices

Ottawa announced a new federal foreign buyers tax in the first federal budget in two years, but experts say it won’t help make housing more affordable. “Houses should not be passive investment vehicles for offshore money. They should be homes for Canadian families,” said Finance Minister Chrystia Freeland in her budget address yesterday. “So, on January 1st, 2022, our government will introduce Canada's first national tax on vacant property owned by non-resident, non-Canadians.”   READ MORE...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988