immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Region: Cent and Horseshoe Region

region: That is down from 3.2 per cent from the previous three months, according to CTV. It is also not much higher than 1.6 per cent outside the Greater Golden Horseshoe Region, which is not covered by the tax. People who aren't citizens or permanent residents, as well as foreign corporations, accounted for 1.9 per cent of the transactions in the Greater Golden Horseshoe Region -- which includes Toronto -- from Aug. 19 to Nov. 17. In Toronto, 3.8 per cent of transactions were made by foreign buyers in the same August to November period, which is lower than the 5.6 per cent in the previous three months. In the first month after the tax was imposed in late April, foreign buyers made up 4.7 per cent of home sales in the region. The 15 per cent tax was imposed in the Greater Golden Horseshoe area -- stretching from the Niagara Region to Peterborough -- on buyers who are not citizens, permanent residents or Canadian corporations. (www.immigrantscanada.com). As reported in the news.