Canada’s housing minister says the federal government plans to take a tougher stand on investment properties to help cool housing prices.
Among the marching orders to Hussen was to dissuade Canadians from snapping up income properties by reviewing rules around down payments and policies to curb “excessive profits.” He says the government would draw a line between mom and pop-style landlords and large real estate trusts that own hundreds of units as a passive investment vehicle and may not care whether they are occupied.
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After a skyrocketing prices that hit all Canadians cities driving home prices out of control, Ottawa decided to move!!
15 years too late…
This will do nothing
20 years too late.