Mar
12
Toronto Might Be the Next City With a Tax on Foreign Homebuyers
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People facing ‘bidding wars everywhere you go,’ Sousa says
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Brokers push back, saying supply shortage is the main culprit
Toronto may be next on the list of global cities with a tax on home purchases by foreigners as government officials search for ways to cool scorching price gains.
Ontario Finance Minister Charles Sousa surprised many on Thursday, saying he was reconsidering imposing a tax to curb price increases that have accelerated in Canada’s biggest city, reversing a stance last year to leave the market to its own devices…
Toronto Might Be the Next City With a Tax on Foreign Homebuyers
