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Foreign-buyer Home Purchases Dropping in Toronto

Monday Jan 08th, 2018

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Foreign buyers have purchased fewer homes in the Toronto region in recent months, according to new figures from the Ontario government.   The province also revealed how much money has flowed into its coffers from its 15-per-cent tax on international residential purchases: about $133-million in six months.   However, the government warned the figure could drop "significantly" because some buyers may eventually claim rebates.   In all, 3.8 per cent of... [read more]

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