Ontario slaps 15% tax on foreign buyers, expands rent control in 16-point plan to cool housing

Ontario slaps 15% tax on foreign buyers, expands rent control in 16-point plan to cool housing

Measures introduced Thursday by the Ontario government to cool the hot housing market – including a 15 per cent foreign buyers’ tax – are not expected to hurt the mortgage books of the country’s big banks. But mortgage growth at the Big Six banks could be curbed, and analysts and other industry watchers also suggested unintended consequences could hit other consumer lending portfolios within the banks.

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