All posts tagged “foreign tax

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Supply, not foreigners

The chief economist at the Canada Mortgage and Housing Corporation (CMHC), Bob Dugan, recently published a piece in Macleans called: why the foreign buyers tax isn’t making Vancouver more affordable. Here’s an excerpt: One year after the implementation of the foreign buyers tax, monthly sales to… Read More

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Should we love bubbles?

There’s no shortage of talk about a Canadian housing bubble: In Vancouver, the price of a single-family home (as of June of this year) increased 39% to C$1.6 million from the year prior. Does that constitute bubble territory? In an effort to stop prices from… Read More