Winter hasn't done anything to cool the GTA's blazing real estate market. Rene Johnston / Toronto Star ) Order this photoTORONTO—A foreign buyer tax is back on the table in Ontario, with the finance minister saying Thursday it’s one possible option he’s looking at to cool the housing market. Finance Minister Charles Sousa said last year that Ontario would not follow the lead of British Columbia, which imposed a 15-per-cent tax on foreign nationals buying real estate in the Vancouver area. If measures are taken in Toronto, Sousa said he would worry about the impact elsewhere. “It’s based in the cheap politics of division.” A federal-provincial working group is still gathering data, trying to determine what factors are driving real estate prices.

Source: thestar March 09, 2017 22:41 UTC