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Mortgage Broker News | 17 May 2016, 08:15 AM Agree 0
A weaker loonie and an increasing amount of inbound overseas money make a tax on foreign speculators a “step in the right direction”, according to the CIBC’s Benjamin Tal
  • Ritebroker | 17 May 2016, 10:02 AM Agree 0
    Well said Tal !!!
    Wake up Canadian law makers before it's too late. If you continue to sleep, a crisis of domestic consumers being priced out from the country’s housing markets is inevitable and many many will be at the mercy of renting from Foreign landlords. Currently government is assessing new measures to tax us Canadians more, how about a hefty Taxation for Foreign Real estate investors.
  • Al | 17 May 2016, 10:06 AM Agree 0
    Unbelievable! Tax, Tax, Tax.... As if more taxes will solve a problem. Will it be given to Canadian citizens who purchase homes to reduce their purchase price? I doubt it - and the cost to administer new taxes always takes away any percieved benefit. if foreigners have millions of $$$$ to invest any tax amount would seem insignifcant to them, especially since they feel their money is safer being here.
  • Wolfram | 19 May 2016, 09:44 AM Agree 0
    Al, in this case Taxation at the right level is the viable solution. Tal is spot on on this one.
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