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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Efforts to cool hot housing markets target 'foreigners' instead of speculators | Julius Melnitzer

Thursday, June 22, 2017 @ 8:39 AM | By Julius Melnitzer

In an era where anti-immigration policies are picking up steam, “foreign” is a dangerous word. And therein lies the problems with the Ontario and British Columbia measures that impose additional taxes on non-residents buying residential property in the Toronto and Vancouver regions.

Notice that, on a quick reading, it appears that I used “foreign” and “non-residents” interchangeably. But they’re not, and the tendency to confuse them can lead to the same type of stereotyping that makes the police practice of “carding” so offensive.

There’s little doubt...