CKNW interviewed Thomas Davidoff, a professor at UBC’s Sauder School of Business, after it was reported that Ontario will not implement a foreign buyers tax like B.C.
Davidoff says the tax could lose popularity if other provinces don’t adopt it.
“There is some risk that if Ontario has a different tax policy from Vancouver with respect to foreign buyers that the national and even provincial support politically for the foreign buyers tax might be shorter lived than had Ontario followed suit,” he said.
The story also appeared on AM 900.
