From

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

  • Levy a tax on "under-occupied" residences. Collect data from utilities providers which should strongly indicate whether a property or unit is actually occupied. If you are not an active participant in our economy (either by living in the home you own or renting it to a tenant) then you should bear the "opportunity cost" to our economy. By which I mean the following: Had another person acquired the property as a residence, they would be an income, payroll and sales tax-paying member of the community. You as a non-resident, non-participant give nothing back to Canada.
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