by Afshin Yazdani | Mar 2, 2021 | Legal Issues
In April 2017, the Government of Ontario introduced the Non-Resident Speculation Tax (NRST), which is applied to foreign and non-resident property buyers as a measure to control the real estate market in the Greater Golden Horseshoe Area.* The 15 per cent tax applies...
by Don Procter | Jul 18, 2018 | Featured, News
B.C.’s proposed speculation tax for owners of resort properties is well intended but if it goes ahead in its current framework it could hurt tourist-reliant communities and be punitive to long-term residents, says a B.C. resort developer/builder. While the proposed...
by REM Editorial Team | Jun 12, 2018 | Boards & Associations
The Okanagan Mainline Real Estate Board (OMREB) is continuing its efforts to fight the planned B.C. speculation tax. “It’s disconcerting that the B.C. government continues to contemplate the speculation tax in the face of higher interest rates and the federal...
