Quote:
Originally Posted by Traum
I think it is a reasonable assumption that a good number of real estate investors driving up home prices are non-permanent residents without Canadian citizenship. For this group of people, wouldn't it be reasonable to slap them with heavy property tax as a deterrent to drive up housing prices?
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So penalize money coming in from outside of the country ? Good luck seeing that law passed.
If it will help politicians get voted, they will do it. More money coming in means a better numbers for economic data, which means these politicians can state that the economy is good (hopefully) under their watch.