Ontario's foreign buyers tax hike won't have much affect on already cooling market: experts

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Housing industry observers say Ontario's surprise move Monday to increase the tax paid by foreign homebuyers to 25 per cent won't have much affect on the province's already-cooling market.

to 25 per cent won't have much affect on the province's already-cooling market.

Porter says that means a higher tax won't quell the market and he questions the timing of the decision because sales and prices are already down from pandemic highs.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Should extend it to resident buyers as well

Condolences, Toronto

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 /  🏆 30. in SA

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