A sold sign is on display outside a house in Toronto, where the red-hot housing market rose more than 30 per cent last year. Photo: Reuters

Toronto to introduce 15 per cent foreign-buyer tax in bid to calm red-hot housing market

Tax will apply to non-residents of Canada’s largest city, matching efforts in Vancouver

A sold sign is on display outside a house in Toronto, where the red-hot housing market rose more than 30 per cent last year. Photo: Reuters
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