Prime Minister Justin Trudeau’s government said three months ago it planned a foreign buyers tax this year, but has also stoked demand through other means such as support for first-time home buyers. The last major tightening of regulations came in 2018, and pressure may be growing for Trudeau to move again as soon as the spring budget, due in coming weeks.Article content
Options could include a flipper’s tax — paid by people who sell houses quickly after purchase — or changes to mortgage qualification rules, according to Tal.
Just sold mine for $1.2 million
Million dollar plus homes for household incomes under $100000.00, what could go wrong?
I’m not, our family is super excited as the value of our single family home will go up 30% again this year. I heard the same stuff in 2000.
Real estate prices will be up 20% this year. A correction is not going to happen anytime soon. Inflating away debt is the only tool the CBs have right now.