TORONTO COUNCILLOR PUSHES FOR SPECULATION TAX TO COOL 'INSANITY' OF ESCALATING REAL ESTATE PRICES

© Farrah Merali/CBC Toronto Coun. Mike Colle, who represents Ward 8, Eglinton-Lawrence, says investors are driving up the price of housing in Toronto by buying multiple properties, then flipping them. He says it's time for the province to step in and introduce a speculation tax on non-principal residences. As real estate prices soar across Ontario, a Toronto city councillor is about to...

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