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House Hansard - 120

44th Parl. 1st Sess.
October 28, 2022 10:00AM
Context: House Hansard - 120 - Oct/28/22
Ms. Soraya Martinez Ferrada (Parliamentary Secretary to the Minister of Housing and Diversity and Inclusion (Housing), Lib.)
  • Oct/28/22 11:31:56 a.m.
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Mr. Speaker, I thank my colleague for her question. There is definitely a speculative element in the real estate market right now. That is why our government decided to implement an annual tax of 1% on the value of residential property owned by non-resident non-Canadians and to prohibit foreign investment for two years. We want to make sure we protect our market here in Canada.
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