Housing Market

This is how you stop the housing bubble and stabilize the housing market.

To cool the housing market and curb speculation we need to take external capital out of the game. The UK government has acted to curb foreign money inflows by making its property transfer tax steeply progressive (topping out at 12% above $3 million), and adding a 3% transfer tax on purchases of second homes and rental properties.

We must do the same thing here in Canada.

For more information, read article published by the Canadian Center for Policy alternatives.

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