I have always wondered, just how many Ontario MPPs sold their homes before The Land
Speculation Tax Act and The Land Transfer Tax Act were dropped onto the Ontario people, on Friday, April 9, 1974, which caused the
real estate market to collapse over night, and sold deals
failed to close starting Monday.
Meanwhile, the government has so far
failed to take steps to address
speculation in the
real estate market and discourage owners from leaving properties vacant, he said.