Toronto hits foreign buyers with 15% speculation tax

Locals and foreigners alike have "stopped pursuing deals" as the market reacts to the levy

A new report into the buying, holding and selling costs for foreign buyers of prime resi in fifteen of the world's top cities has picked out Monaco as the one offering the lowest taxation, and Shanghai…

Has an extra 15% charge on foreign buyers cooled Vancouver's runaway housing market? And will other cities follow suit?