Canada's Trudeau promises to tax foreign speculation in housing market if reelected

FILE PHOTO: Canada's Prime Minister Justin Trudeau speaks during a news conference at Rideau Hall after asking Governor General Julie Payette to dissolve Parliament, and mark the start of a federal election campaign in Canada, in Ottawa, Ontario, Canada, September 11, 2019. REUTERS/Patrick Doyle/File Photo

Speaking at an announcement in Victoria, British Columbia, Trudeau said the national speculation and vacancy tax would apply nationwide and would not affect Canadians living abroad. The proposed new measure would model a 2% speculation tax that British Columbia imposes on the assessed home value for foreign owners to curb the rising price of housing.

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Reuters /  🏆 2. in SE

Perfect, drive the demand right out of peoples houses. Supply goes up, house values head south. Sooner Trudeau is gone the better.

Come off it half of Hong Kong lives there and has done for decades.

He Reuters, little f*ing late!..do a little research

And now he won't

4 more years! 🇨🇦

Sverige Senaste nytt, Sverige Rubriker