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Should the City of Toronto levy an extra tax for non-Canadian resident purchases of residential properties?

Dear Constituent:

Recently, the Province of British Columbia imposed extra 15 percent tax on Vancouver residential real estate purchased by foreigners. The Province has also agreed to a request from the City of Vancouver to allow the City to impose a special tax on the owners of vacant property. These measures are being adopted in an attempt to “cool” the Vancouver real estate market and increase supply. Click here for flyer Should the City of Toronto levy an extra tax for non-Canadian resident purchases of residential properties?

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