Housing prices in the big cities have shot up astronomically. Especially in the Vancouver area. A new legislation has been introduced to tackle their high housing costs by implementing a Foreign Buyers tax.
Starting August 2 2016, non-Canadian citizens and non-permanent residents purchasing real estate in metro Vancouver, will be obligated to pay an additional property transfer tax of 15%. Much of the reason to due too many outsiders purchasing properties that are left empty.
Are you in favour of us following suit to implement this tax in Ontario?