HomeWealth ManagementMost Canadians favour placing a value on housing inequity

Most Canadians favour placing a value on housing inequity


A “modest value on housing inequity” could be acceptable to 57% of people that already reside in million-dollar residences.

In response to the Canadian Actual Property Affiliation, the typical house value within the nation dropped to $756,200 in October, dipping 1.2% from the earlier month.

Technology Squeeze estimates its hypothetical housing tax would generate round $5 billion in income per yr if it had been to be enacted.

Many survey respondents expressed much more help for the tax if the extra revenues generated had been used to pay for earnings tax reductions for middle- and lower-earners (43%) or extra reasonably priced housing (40%), or to cut back the rise in property costs (38%).

The provinces with the strongest help for the surtax had been Atlantic Canada (73%), then Saskatchewan and Manitoba (72%) and Alberta (68%).

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