136
Trudeau takes first step to break Canada’s addiction to rising home prices - The Globe and Mail
(www.theglobeandmail.com)
this post was submitted on 23 Sep 2023
136 points (97.2% liked)
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I'm not sure if you mean "residency" as in residents of Canada, or residency as in living in the property.
Assuming it's the former: Removing some investors from the pool of buyers would probably help a bit, but I'm not sure it would have a significant impact outside of a few markets.
Assuming it's the latter: NB taxes non-primary residences at a higher rate and has still seen significant price growth.
"Yes."