Expert: Ontario's Fair Housing Plan

News

“Ontario's Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market.” (Source)

Desmond Tsang, Professor, Desautels Faculty of Management, McGill University

“The 15% ‘Non-Resident Speculation Tax’ looks promising for Ontario. While there is little data to support that foreigners drive the increases in house prices in Toronto (unlike Vancouver), it should nonetheless have its intended cooling effect at the margin.”

His research in the area of real estate specializes in Real Estate Investment Trusts, and on Performance Measurement, Corporate Governance and International Real Estate.

desmond.tsang [at] mcgill.ca (English)

Tags: