How Foreign Investments Continue to Change the Housing Market in 2017
We’ve all read about the efforts to cool Toronto’s frenzied housing market by introducing a new 15% tax on foreign investors, and how the tax is meant to be applied to all purchases made by those who are not citizens or permanent residents of Canada. This tax will apply to all purchases made within the Golden Horseshoe, or the area that stretches from the Niagara region through the GTA all the way to Peterborough. The State of the Housing Market in Toronto Recent polls indicate that in the past year alone housing in Toronto has soared over 33% above 2016F’s…