Some think the proposed foreign buyer tax in Ontario could have a huge negative outcome while others believe the tax is to weak to have many effects. Real estate veteran Mark Mclean and public policy professor Josh Gordon have different views on the market as a whole, but can agree that the proposed tax is nothing to fret about. McLean thinks the proposed tax is mostly to calm public concerns, and that it will affect the market very little. He said, ‘In my mind it’s not really about collecting tax dollars. It’s just about creating a perception that we’re doing something about the market.”
Some think the proposed foreign buyer tax in Ontario could have a huge negative outcome while others believe the tax is to weak to have many effects. Real estate veteran Mark Mclean and public policy professor Josh Gordon have different views on the market as a whole, but can agree that the proposed tax is nothing to fret about. McLean thinks the proposed tax is mostly to calm public concerns, and that it will affect the market very little. He said, ‘In my mind it’s not really about collecting tax dollars. It’s just about creating a perception that we’re doing something about the market.”