Quote:
Originally Posted by Winsor_Pilates
No they can not.
It is the average domestic investor.
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I'm going to assume you are correct.
In any event, I'm in favor of a tax that makes it less attractive for anyone (be it a person or a company, domestic or foreign) to own multiple properties, without being onerous on those who only own the one they live in. What are your thoughts on the idea?
Building new homes to increase supply must be a part of any solution to this housing crisis. But this alone won't solve it. The crisis likely won't subside as long as deep-pocketed investors see the real estate market as a way to make an easy buck.
Quote:
Originally Posted by Fuzz
Wouldn't that be pretty easy to dodge by keeping real estate in separate corporations?
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I'm not seeing how a tax dodge would work in this case. Set it up such that for every property in Canada, tax on it must be paid, or the property is seized.