Comments on: Toronto New Home Inventory Reaches Highest Level Since February, Condos Sales Fall

By: SH

SH — Wed, 02 Dec 2020 10:24:02 +0000

In reply to Doomcouver. It would be far preferable to simply ban the usurpation of Canadian homes by foreign nationals. Canadian homes for Canadians, period.

By: Trader Jim

Trader Jim — Tue, 01 Dec 2020 15:05:08 +0000

In reply to Doomcouver. Capitalism was designed for only one tax – land taxes. High land taxes and lower income taxes should be a priority.

By: Doomcouver

Doomcouver — Tue, 01 Dec 2020 07:26:55 +0000

In reply to Fight Back. As the tax base shrinks, the claws come out. These comments and the hike to 3% vacant property tax in Vancouver are just the beginning. Hiking taxes and using civil forfeiture on anyone who can't vote will be extremely politically popular in the near future. All levels of government need to fill their empty coffers somehow, and foreigners are an easy target and politically acceptable to raise taxes on.

By: Fight Back

Fight Back — Tue, 01 Dec 2020 04:27:59 +0000

“The government will take steps over the coming year to implement a national, tax-based measure targeting the unproductive use of domestic housing that is owned by non-resident, non-Canadians, which removes these assets from the domestic housing supply,” the update adds.

Finance Minister Chrystia Freeland