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Officials move to slow soaring housing prices in Toronto area

Several measures have been announced, including a 15% tax on residential buyers who are not residents or citizens of Canada

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The new tax and some other steps announced on Thursday will apply only to a portion of the province within commuting distance of Toronto.

Ottawa, Ontario

IN a bid to slow the soaring growth of housing prices in the Toronto area, Ontario officials announced several measures on Thursday, including a 15 per cent tax on residential buyers who are not residents or citizens of Canada.

The average price of a single-family

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