Wynne Takes Action On Hot Housing Market

Posted on Thursday, April 20, 2017 10:29 AM

Premier Kathleen Wynne is moving forward with legislation to help cool off the hot Toronto housing market.

Ontario is taking action to make housing more affordable for homebuyers and renters by introducing the Fair Housing Plan.  

It includes 16  comprehensive measures including introducing a 15 per cent Non-Resident Speculation Tax on non-Canadian citizens, non-permanent residents and non-Canadian corporations buying residential properties containing one to six units in the Greater Golden Horseshoe area.  (File photo)