Скачать или смотреть Canadian’s home owners are facing new indirect travel restrictions and a spike in vacant home taxes!

🇨🇦 Are Canadians home owners are facing new indirect travel restrictions and a spike in vacant home taxes?

Toronto’s implementation of 3% tax for extended absences aims to curb foreign property speculation, but it’s impacting Canadian investors too.

Here’s the deal:

1️⃣ The 6 month travel limit targets foreign buyers leaving properties vacant, aims to address issues like housing availability and speculation, as rising costs can impact the market, potentially influencing property values and investments.

It’s part of efforts to manage housing affordability and encourage property use rather than leaving it vacant.

2️⃣ Yet, Canadian snowbirds are affected, forced to rethink winters away.

3️⃣ Impact on local investors: Considerations of alternative countries with lower taxes.

4️⃣ The tax shift: Some see it as a win for the city, while others worry about the exodus.

Share your thoughts! How does this policy affect your plans and investments? 🏠✈️

#learn #canada #uae #dubai #realtor