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Poll results: Industry on foreign tax

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Real Estate Professional | 03 Apr 2017, 09:48 AM Agree 0
We asked and you answered: In what is likely the most comprehensive survey of agent opinion on the matter, the results are in on whether or not the industry is in favour of a foreign sales tax in Toronto
  • Don johnson | 03 Apr 2017, 01:11 PM Agree 0
    If cdn and provincial governments had balanced budgets and responsible spending we wouldn't need to print extra 200 billion dollars of money this year which with multiplier effect created 500 billion $ in new inflation - which fuels home prices -

    Their solution is raise taxes eg land transfer - empty house tax - foreign buyer tax development fee increases - permit fee increases list goes on - all which makes new homes more expensive - - so of course that sucks up the resale prices - it's hard to sell rescaled above the replacement cost of building new but when that number goes up buyers will pay more for resale if cost remains under buying new
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