Ontario's Liberal government will slap a 15 per cent tax on home purchases by non-resident foreigners and will expand the province's existing rent control system to cover all tenants...
In addition to the foreign buyers tax and expanded rent control, the measures also include:
A rebate of development cost charges to encourage building of more rental housing.
A standardized lease document for all tenants.
A ban on flipping of pre-construction units by speculators.
A review of the rules governing the conduct of real estate agents.
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