Toronto Foreign Buyers Tax 2017 | A+ Trends

Hi, welcome to another segment of A + Trends. Today topic Ontario‚Äôs foreign buyers tax. Last year Ontario Finance Minister Charles Sousa said that Ontario would not follow the lead of British Columbia, which imposed a 15-per-cent tax on foreign nationals buying real estate in the Vancouver area. Instead, the…

Ontario mulls idea of foreign buyers tax to cool housing market

Ontario’s finance minister says he is rethinking a foreign buyers’ tax as one possible option to cool the housing market. The average price of homes sold in the Greater Toronto Area last month rose 27.7 per cent over last year and the average price of a detached home in Toronto…