Canadian Realestate Magazine forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Investor wary of government promise

Notify me of new replies via email
Justin da Rosa | 30 Mar 2016, 08:15 AM Agree 0
The Canadian government has promised to dedicate $500,000 for collecting data on foreign ownership, but one investor hopes that data won’t be used to discourage foreign buyers
  • | 30 Mar 2016, 10:59 AM Agree 0
    We used to have for non residents tax - 20 % on purchase and 20 % on sale
  • Matt | 03 Apr 2016, 06:31 PM Agree 0
    Darcy that's easy to say when your an investor and have lots of money .. The rest of us in Canada can't afford to buy a house in the country that we live and love.. It should be taxed if you not contributing to the Canadian economy. And not just a real-estate economy .. I am totally fine at taxing people who are just buying up Vancouver and the lower mainland . This isn't a monopoly game when you live in your own country and can't afford to buy a piece of property because foreign investors. My girlfriend I we make 160 thousand and 50 thousand for a down payment. And that won't even be enough for a chicken coupe .
Post a reply