A 15 per cent tax on home purchases by non-resident foreigners in Toronto and the Greater Golden Horseshoe.

The tax would not apply to new immigrants who plan to live here, but speculators who will "never set foot in Ontario."

The proposed tax would apply to transfers of land that contain at least one and not more than six single-family residences, including semi-detached homes, townhomes and condos. It would not apply to transfers of other types of land including multi-residential rental apartment buildings, agricultural land or commercial/industrial land. A rebate would be available for those who later become citizens or permanent residents, as a well as foreign nationals working in Ontario and international students
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