Australia taxes foreign home buyers should we?
I am consistently asked if and when the Toronto Real Estate market will slow down or “correct”. The reality is the metrics and indicators used in the past to determine the “health” of our real estate market are no longer adequate. We live in a global economy and we are the first to do so in our recorded and acknowledged history. A shift in our dollar, the security of our cities, our immigration policies, current interest rates, a shift in another nations currency, quantitative easing, violence abroad, the lack of protective economic policies regarding foreign ownership of property… All these factor are significantly contributing to the current state of our real estate economy. We live in interesting times. Best to hire and obtain an advisor who understand this undefined landscape!
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