Brace for a possible tax on speculative home purchases: CREA chief economist

TORONTO — The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home purchases.

Gregory Klump says he would not be surprised to see policy-makers roll out such a measure just as the market begins to recover from the most recent round of changes.

“I don’t think they’re done yet,” Klump said during an Economic Club of Canada roundtable in Toronto Wednesday.

The Ontario...

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