A “for sale” sign is displayed outside a home in Toronto, Canada, on December 13, 2021. Canada has raised taxes and paused purchases by foreign buyers in an attempt to help more domestic first-time buyers enter the housing market. Photo: Reuters
Opinion
Opinion
The View
What Singapore can teach Canada about curbing home prices without the xenophobia
- Political expediency and incomplete data have led to foreign buyers being targeted in Canada instead of those with multiple properties
- Rather than going by nationality, Canada should emulate Singapore and penalise speculative activity regardless of citizenship
A “for sale” sign is displayed outside a home in Toronto, Canada, on December 13, 2021. Canada has raised taxes and paused purchases by foreign buyers in an attempt to help more domestic first-time buyers enter the housing market. Photo: Reuters
