Real Estate

Will GTA get a real estate tax on foreign buyers?

  • Last Updated:
  • Oct 25th, 2016 2:04 pm
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Poll: Will GTA get a real estate tax on foreign buyers?

  • Total votes: 141. You have voted on this poll.
no
 
62
44%
yes
 
79
56%
Deal Addict
Feb 14, 2010
1024 posts
1063 upvotes
Toronto
Redmask wrote: I keep hearing this rumor from a few friends who deal with the provincial government. I wonder if Wynne is desperate for approval related bumps, this would be an easy one I guess.
Announcement today at 8:45; can this be it?
Trudeau, wynne and tory will all be at the party.
Deal Addict
Jul 3, 2007
4153 posts
4626 upvotes
Toronto
CollegeGraduate wrote: So the poll shows half wants a tax, and half doesn't.

I know why people who wants the tax, but what are the arguments for not wanting the tax aside from being a foreigner?
If you are planning to sell soon, you dont want the tax because it will knock out the money that was helping over bid on homes. More in the $1 million plus range though.
Deal Addict
Jun 2, 2012
1600 posts
950 upvotes
GTA
thelastword wrote:
Redmask wrote: I keep hearing this rumor from a few friends who deal with the provincial government. I wonder if Wynne is desperate for approval related bumps, this would be an easy one I guess.
Announcement today at 8:45; can this be it?
Trudeau, wynne and tory will all be at the party.
I think this.. Thomson Reuters says it will create 400 jobs in Canada over the next two years, including at a new technology centre in Toronto.
Deal Addict
May 26, 2007
1391 posts
881 upvotes
its a given they wont. Its one the few things driving our diving economy

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