Canada planning foreign buyers tax in effort to lower countrys housing prices

Author: External Author | | Categories: First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Rates , Private Mortgage Lending , Refinance Mortgage

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The Liberal government says it will take steps over the next year to tax foreign homeowners who live outside of Canada as part of a plan to lower housing prices.

It’s an idea that has been growing in popularity over the last few years in provinces such as British Columbia, Ontario and Prince Edward Island, but some experts question how effective such a plan would be.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Anita Balakrishnan

Original Article Posted on:   December 1, 2020

Link to Original Article:  https://globalnews.ca/news/7495490/canada-foreign-buyers-tax-affordable-housing/



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