Ontario Foreign Buyer Tax 2017

The Ontario government has instituted a 15% tax for foreign, non-resident buyers of residential real estate in the Greater Golden Horseshoe Area - an area stretching from Niagara Falls to Mississauga to Toronto to Peterborough. We discuss the rationale behind the tax, which is part of an effort to slow the local real estate market, and offer views whether it will work, or not. See the full video at https://youtu.be/_ZbVxp5h36A