In 2019 Prime Minister Justin Trudeau proposed a 1% tax on resident non-Canadians. The proposal’s goal is to prevent foreign buyers from driving up the cost of real estate for residents. British Columbia currently levies a 2% speculation tax and Ontario levies a 15% tax. Opponents argue that the current spike in real estate prices is due to the strong domestic economy instead of investments from foreigners.
@8CB9T9M4yrs4Y
Do not know enough about the subject to make a meaningful stance
@8FZ93WY4yrs4Y
if the real state isn't being housed or maintain a tax should be imposed
@9H6GJSN5mos5MO
I believe that if you simply don't live in Canada, nor are a permanent resident, and or on a student and work visa, you shouldn't be able to purchase property above a certain amount as it simply isn't fair to Canadians who live here and can't afford or purchase a house due to this.
@9FY3GSM7mos7MO
Non-residents who have lived here a certain amount of time should be able to purchase a home without penalty as long as they choose to live in the home and not rent it out.
@8ZSJL5B2yrs2Y
Yes, and the tax should be at least 95%
@8VMXKNFNew Democratic3yrs3Y
Yes, and it should be 50%
@8TNDXCT3yrs3Y
Yes, and the tax should be at least 70%
@8TMQW463yrs3Y
Yes, and the tax should be 100%
@8TF629D3yrs3Y
Yes, and the tax should be at least 80%.
Yes, and the tax should be at least 2%
Yes, if they are wealthy
@8T7ZHZS3yrs3Y
Yes, and the tax should be at least 50%
@8THHZYM3yrs3Y
Yes, but only on citizens within the 1 percent of the wealth bracket
@98XLG3K1yr1Y
Yes, but the tax should be adjusted based on the financial profile of the individual or corporation in question
@98XTFBC1yr1Y
If you don't plan on moving here or a Canadian yet, you should have 0 right to buy any property. Unless you're approved to move here then you should own the average amount.
These people screwed our market.
@8Y2YNB92yrs2Y
They shouldn't be allowed to buy
@8YCSYPTConservative2yrs2Y
If Canadians can not buy a home from their country, they should not have the same privilege.
@9LHMPCJ2wks2W
I would consider reviewing the impacts of tax often in your free time to research and adjust your judgement of the policy as needed based on the efficiency and evolving dynamics of the housing market, but a 1% tax on real estate possessed by non-residents can prove to be a solution to challenging housing in Canada, it should be meticulously reminded to address specific local needs, also a mix in other policies aiming to improve affordability in housing and market stability.
@9L5R7PF1mo1MO
The tax should be higher but for non-citizens who are non-residents NOT simply non-residents. If you have been a law abiding citizen and have to move for work or choose to move to another country, you should not pay the high tax. Laws need to be realistic about modern work and life. Many people move in and out of a country due to work, education, retirement, family demands, etc…
@9KZ78YL1mo1MO
Yes, foreign buyers should be banned from buying homes in Canada if they do not reside in Canada full-time.
@9KW8SWP1mo1MO
Yes, and the tax should be at least 10% and current residents should receive a rebate or reduced taxes in return.
@9KKHSQC2mos2MO
Yes, and the tax should be at least 20% Plus a temporary ban on real estate purchases made by non- residents
@9KC6XPW2mos2MO
Tax imposed based on frequency of buy + sell ... to ding speculators, who are driving the prices up.
@9K6HR9K2mos2MO
No, this is retarded, and whoever made this should hang themselves, We shouldn't have a government, neither should the quebecers have when all their people are gone.
@9JWZHWW2mos2MO
No, a real estate tax should only be applied to people who own more than two homes whether or not they are non-residents or citizens
@9FWS2HH7mos7MO
If you are not a citizen or planning to live in Canada you should not be able to buy real estate here.
@9FR4LPX7mos7MO
Yes, people should not be able to own more than one home. You should also not be able to rent it out for-profit.
@9FQ5WWF7mos7MO
The problem is that the foreign buyers have their PR. They don't show up properly.
@9FQ5KS87mos7MO
Only if there is no regular habitation during the year. For example as as a summer home.
Neither is true. While taxing non-residents is one tactic for one part of the problem, there is no simplification of a housing market that can be solved by a one dimensional solution.
@9FP3QX27mos7MO
Yes, and the tax should be enough to dramatically threaten the profit of landowners without fail. 50%<
@9FMPCV87mos7MO
After the economy improves then we can, however with the housing crisis and other such problems it is not currently fisable.
@9FKML6F7mos7MO
No, but the amount of real estate a foreigner should be able to own should be limited
@9FK9CJ77mos7MO
Start with a staggering tax so there is a. Fire sale. Once the housing market begins to equalize, decrease the tax according to the supply and demand.
@9FHB77W7mos7MO
Abolish private property
@9FB68RG7mos7MO
Real estate should not be able to be owned by non-residents.
@9F5KMPV8mos8MO
Foreigner buyers shouldn't be allowed to make buying houses more expensive for Canadians.
@9DW82NL8mos8MO
Non residents should not be allowed to own real estate until they have citizenship
Yes, but only foreign non-residents
@9DF4NMQConservative8mos8MO
Yes, taxes should be adjusted with in accordance to the demand of housing.
@9BKCGWY1yr1Y
No, but they must be a citizen and paying taxes
@99NQHR31yr1Y
@99NH9YM1yr1Y
@99MR6J31yr1Y
Yes, however only if they are not planning on becoming a citizen and other land opportunities are not forthcoming.
@99LVP2M1yr1Y
if you don't live here you should not be able to buy real estate
@99LRPKF1yr1Y
Yes, home-owning should be for Canadian Citizens, and residents like refugees first. Homes should also be difficult to purchase for individuals that will NOT be living in the homes if they have more than 1 home.
A family should be allowed to own at most 2 homes, but owning several homes and renting them out is immoral and a contributing factor to lack of home affordability and availability for younger generations
No. Non- resident non-citizens should be barred from owning real estate in Canada.
@99KNJXR1yr1Y
Yes but only if the residents are paying to stay
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