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Industry applauds government vow to track foreign data

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Justin da Rosa | 09 Mar 2016, 08:15 AM Agree 0
CMHC has vowed to collect more data on foreign ownership, which will provide more information on the amount of offshore investors taking advantage of tax loopholes, according to one professional
  • Audrey Olin | 10 Mar 2016, 02:23 AM Agree 0
    These investors lie to the lawyers, just as they lie to the Canadian Govt; regulations need to be put in place and "enforced"; no non resident can buy resale real estate in Vancouver ! Australia did it, so why can't we? Or we can do what Great Britain did, and that's levying "big taxes" on these foreign investors , on all 3 levels of govt; national, prob' land municipal! They need to contribute to our economy, since they buy up our prime real estate here, and then go bk to Chona and work there(and pay income tax there, NOT in Canada!
  • Monica Wright | 17 Mar 2016, 11:29 AM Agree 0
    Most of our business is owned by foreign investors. It is laughable to think the Government cares.
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