Comments on: Canada’s 2021 Budget Will Likely Have Little Impact On Home Prices

By: Luighead

Luighead — Wed, 21 Apr 2021 16:25:34 +0000

Of course, the chinese like it…

By: Ron

Ron — Tue, 20 Apr 2021 16:11:39 +0000

In reply to Ashley. Leave is what I meant to write down :)

By: Ron

Ron — Tue, 20 Apr 2021 16:06:46 +0000

Immigrants are in for a surprise 🙂 . Come have a look and live , unless you have a lots of money to pay speculators , investors , retirement funds and everybody else on the food chain 🙂 . Working for a wage will not take you far ahead :).

By: Luighead

Luighead — Tue, 20 Apr 2021 12:30:48 +0000

Bullshxt, bullshxt, bullshxt… These fools said they were going to do something about this. A few years ago. I guess they lied. And now, they’re lying, again. Looks like Canada is up for sale, to the highest bidder.

By: Ashley

Ashley — Tue, 20 Apr 2021 11:40:58 +0000

High cost of living wouldn’t fare well with attracting immigrants or retain high skill talent. I presume there would be a emigration of talent for better opportunities and manageable cost of living.

By: Bob Walter

Bob Walter — Tue, 20 Apr 2021 06:37:17 +0000

Bank interest in taxable account is taxed at marginal income tax rate (lets say this is 30%)
Now we have a foreign buyer tax of 1% for an asset that appreciates – what 15% year over year?
Must be government math.

Oh yea and in June we might possibly be looking at wanting to do something with market cooling. So do your over bidding now. Time is running out! /s

By: D

Tue, 20 Apr 2021 05:00:09 +0000

In reply to Ron. This, 5% is reasonable. 1% and next year means nothing and the liberal government don’t want to kill their golden goose.

By: D

Tue, 20 Apr 2021 04:58:55 +0000

Remember when $50k used to be a lot of money? I did back when I was in grade 5 in 2005. Maybe I was just clueless and it wasn’t much money back then either.

By: D

Tue, 20 Apr 2021 04:56:47 +0000

In reply to Jason Chau. > facilitate funding for infrastructure approvals. You mean the method of funding public works that governments only commit to when they’ve hit a depression?

By: D

Tue, 20 Apr 2021 04:54:31 +0000

1% tax on vacant homes is a joke. The government clearly doesn’t want to shew away its pay-pigs(foreign investors looking to buy up real estate). If they really wanted to give the average Canadian a break they’d have put it at 5%.