Pursuits
Ontario Tries to Temper Rising Toronto Home Prices With New Tax
- Canadian province to impose 15% levy on foreign homebuyers
- Trudeau tries to dispel idea nation shunning outside investors
Ontario to Unveil Plan to Cool Toronto Housing
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The Toronto housing market will get a new tax to fend off speculators and expanded rent-hike protection as Ontario attempts to slow record home-price growth.
Ontario officials announced a slew of measures on Thursday for Toronto and surrounding areas meant to control what some economists, investors and policy makers call a price bubble that’s putting the broader economy at risk.