Hot Properties: Real Estate: Where is the Money Headed Now

Posted by Michael Campbell & Ozzie Jurock

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Tax

Since BC raised taxes with a 15% foreign buyers tax, prices shot up 28% in Toronto. Now Toronto is going to bring in a similar foreign buyers tax. Ozzie on where is the foreign money is going to drive up prices now.

….also: Average house prices up 3.5% in past year…

Tax