Quote:
Originally Posted by blankall
I have very mixed feelings about these stress tests. The idea is to cool the market and make things more affordable for average Canadians (Also to prevent people from taking on too big of a mortgage that could be troublesome later on). However, the stress tests only affect working Canadians, and have no affect on the rich or foreign investors. These are the people really driving the prices up in Toronto and Vancouver.
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Checking -Are you aware the Liberal budget includes a tax on Foreign real estate investors?