Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market. 

 The middle & lower class does not like the fact that they cannot afford any real estate at this time. The only thing that they can afford is a property out of town, or something run down with huge maintenance fees. This is a result of a sky rocketing market over the past few years. 

In the next few months before the springtime budget, you will see poll after poll, and news article after news article of how they are scratching for any idea to get some money in their pocket, and make real estate affordable for the middle and lower class by stagnating the market from the rich, and from foreigners. 

Liberals will achieve this slow down in the market by doing a few things either in combination or bring them about slowly. 

1. Foreign buyers tax like Vancouver

2. Raise provincial land transfer tax

3. Raise capital gains, or have a 

provincial capital gains

4. Let municipalities introduce a land transfer tax

5. Raise Interest Rates (Most damaging)

Here is the an interesting article to read regarding this subject, click here to read it. 

One Thing is for sure, the liberals are coming for Real Estate money, and they are running out of time to do it, so expect something by the end of the year, so they can say they did something by election time next year.