CC image courtesy of Hailey Toft: http://bit.ly/2mTUvHq
Foreign Buyers Tax
on Real Estate in GTA Supported
Toronto, April 3rd – In a random sampling of public opinion taken by The Forum Poll™ among 884
Ontario voters, almost two-thirds (62%) of respondents say they would support a
foreign buyer’s tax on real estate in the GTA. (20%) would oppose the imposition
of a tax on foreign buyers, with (19%) saying they do not know.
Respondents most
likely to support a foreign buyer’s tax include those aged 35-44 (64%) or 45-54
(65%), earning $40,000-$60,000 (70%) or $60,000-$80,000 (71%), living in the
905 (68%) or Toronto (65%), with some college or university (62%), a college or
university degree (65%), or a post-graduate degree (65%), and supporting the
Green (64%), PC (63%), NDP (62%) parties.
Respondents most
likely to oppose a foreign buyer’s tax include the least wealthy (29%), living
in Northeastern Ontario (29%), and the least educated (29%).
“Support for a
foreign buyer’s tax in the GTA is broad and spans many different demographic
categories. It’s clear many are feeling the heat of the red-hot GTA housing
market and are looking for any kind of relief,” said Dr. Lorne Bozinoff,
President of Forum Research.
Lorne Bozinoff,
Ph.D. is the president and founder of Forum Research. He can be reached at
lbozinoff@forumresearch.com or at (416) 960-9603.
