Trudeau promises to tax foreign speculation in housing market nationwide if reelected

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Liberals will introduce a 1 per cent tax on non-resident non-Canadians to help prevent foreign speculation from driving up housing prices

OTTAWA — Canada’s ruling , Prime Minister Justin Trudeau said on Thursday on the second day of an election campaign.

Politicians are crisscrossing the country after Trudeau formally kicked off a campaign on Wednesday, and a major issue is expected to be the mounting cost of living. Canadians head to the polls on Oct. 21. “We have seen from British Columbia’s example that even a modest tax can have a significant impact on foreign speculation in housing markets,” Trudeau said. He acknowledged that the tax had pushed investment capital to other parts of the country.

 

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Four years too late, son.

Bye, time to say good bye.

How can he tax foreign countries citizens?

That’s all he can promise is taxes, taxes, taxes. The man has no other vocabulary.

Okay great that’s one issue. 2nd is money laundering in real estate. 3rd is home share corporation scams! All three Mia be tackled JustinTrudeau AndrewScheer

He had 4 years to do what he could. cdnpoli

TrudeauMustGo

Promises Promises Promises... The Budget will balance itself.

Typical alt-left pols, view every political issue through a prog-tax-it lens. Instead of banning it, virtue-signal tax a piece of the action for the Gen Rev wormhole but let it continue to drive up prices. Butts' assprints are all over this. TrudeauMustGo BecauseIts2019

Liberal answer to everything.... TAX!

Means nothing. Before last election he promised to balance the budget this year. We all know what happened to that.

Except the illegal migrants

But don’t tax Canadians on the sale of their homes!

Typical for , every political issue is viewed through a prog tax-it lens. Instead of banning it, virtue-signal & let it continue to drive up prices but get a piece of the action for the Gen Rev wormhole. It's got Gerry's fingerprints all over it. TrudeauMustGo BecauseIts2019

But let's same foreigner get tax free cash

Just another proposed tax of many more to come!

🤣🤣🤣🤣🤣 this was already done Wholly duck, who runs this moron?

Don’t promise, you don’t deliver. Everyone thought after your phoney rapport with Gord Downey, you would improve life for First Nations people, haven’t seen that happen in the last four years, many are still living in Third World living conditions.

The government interfering in the market. What could possibly go wrong?

IF! thatsabigIF

He’s finally finished as a useless politician!! Why call an election without him quitting!!!! He’s the single reason the PC’s will win a landslide victory - if liberals want to win, dump Justin first 🤷‍♂️

All speculation in housing should be taxed heavily: housing is a basic need and, as a result of too much speculation, it has been bought out from under most Canadians. This is a travesty!

We already have a 25% with holding tax when they sell, We have a 15% buyers tax in Ontario.... Will it be 16% now? Bill_Morneau gmbutts viraniarif

enough with the Conservatives and Liberals switching places every Federal Election. no more revolving door that the Tories & Grits have access to. stop doing the same thing over, over, and over again, then expecting things to turn out different.

Where have they been for the past 4 years on this

Fortunately, it is easy not to believe anything he says.

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