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House Hansard - 104

44th Parl. 1st Sess.
September 28, 2022 02:00PM
Context: House Hansard - 104 - Sep/28/22
Hon. Ahmed Hussen (Minister of Housing and Diversity and Inclusion, Lib.)
  • Sep/28/22 2:52:44 p.m.
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Mr. Speaker, we know that speculative investments in the real estate sector are contributing to pushing home prices higher. That is why we have legislated an annual 1% tax on vacant, non-residential, non-Canadian owned properties, as well as a two-year ban on foreign ownership of Canadian residential real estate. We have also committed to reviewing the tax treatment of real estate investment trusts and are launching a federal review of housing as an asset class. This is what federal leadership on the financialization of housing looks like.
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