Quote:
Originally Posted by ranchlandsselling
Garth Turner is happy to point out on his blog how much this will impact Calgary as usual. I'm not sure how one could think this makes much difference in Calgary vs. Toronto and Vancouver where the avg price is so much more.
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I think it targets the condo market in TO and Vancouver which is fantastically over heated. There are literally no single family homes at 500k in those cities and only a small market between 500k-1 million. Everything over 1 million is still 20% down. So single family homes aren't as drastically effected as they are in Calgary where a lot of our single family market is between 500k-1 million.
The colossal land transfer tax in TO didn't slow things down so I doubt this will.