In Canada, due to our stricter housing regulations, we didn't have a real estate crisis like in the U.S., but with soaring housing prices in Vancouver and Toronto, the government wants to take every precaution necessary. (alainguillot.com)
Historically the Central London market has been considered the best option for buy - to - let investment, however the city has been experiencing a prolonged slowdown for some time, with soaring house prices forcing thousands of people to move elsewhere. (reimag.co.za)
However, Tal also acknowledged that such a tax is unlikely to have much impact on soaring house prices in Vancouver and Toronto since there's little evidence foreign buyers are more likely to flip a property than Canadian ones. (canadianbusiness.com)