CBC Forum: How should Canada regulate its housing market to foreign ownership?

  • Any solution implemented will need to be retroactive to make any difference whatsoever. To correct housing prices you need to have three things happen. 1. raise interest rates 2. outlaw shadow flipping and discourage any speculation with massive taxes on it 3. severely tax foreign owners at least 50% of the assessed value unless they can prove residency at least 6 months a year.
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