Ontario Tries to Temper Rising Toronto Home Prices

Ontario introduces 16 measures to address housing market imbalance, including a 15% foreign buyers tax similar to British Columbia's. The tax targets non-Canadian entities buying property in Toronto. Exemptions exist for Canadian citizens, refugees, and those in the Express immigration program. Lessons from Vancouver show a decrease in transactions but not prices, with luxury markets most affected. Ontario faces challenges due to lack of data on foreign buyers.

What lessons can Ontario learn from Vancouver's experience with the foreign buyers tax?

What challenges does Ontario face in implementing the foreign buyers tax compared to British Columbia?