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Foreign buyer tax won't cool Toronto home price gains, brokers say
Published Sun, Mar 12, 2017 · 09:50 PM
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Toronto
IMPOSING a foreign buyers tax to cool scorching home price gains in Toronto won't solve the underlying problem, brokers say, as Ontario provincial officials reconsider the option.
The real problem in Canada's biggest city is a supply shortage, which is at its lowest in more than 15 years, the Toronto Real Estate Board (TREB) said on Friday.
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