Source: Reuters —
OTTAWA, April 21 (Reuters) – Canada’s ruling Liberals are eyeing more measures to curb housing speculation after introducing a foreign buyer ban and heftier taxes on property flippers in their budget earlier this month, the housing minister said on Thursday.
Minister Ahmed Hussen, asked about imposing further measures to slow investor activity such as requiring larger down-payments for second, third or subsequent homes, did not rule out the option.
“We are curbing speculation by doing a number of things … but also we haven’t closed the door to further measures,” Hussen told Reuters in an interview. He noted that Canada’s tax and real estate systems are complex, which complicates the process.