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April 12, 2016 – Councillor urges Premier and Mayors to consider imposing land transfer tax on Foreign home buyers

Toronto, ON – The Hon. Jim Karygiannis, Toronto City Councillor for Ward 39, Scarborough-Agincourt, is requesting that Premier Kathleen Wynne and Greater Toronto Area mayors recognize the urgency on imposing a foreign home buyers tax. As government leaders meet today to discuss housing affordability, a foreign home buyers tax must be put on the table as an immediate solution to cool the housing market.