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News on IDB Funding -- this is now on it's own page to clean up the site a bit.

why doesn't this happen here in US???

Ontario Finally Cracks Down On Toronto Housing Bubble: Launches 15% Foreign Buyer Tax

Ontario will impose a 15 per cent tax on residential real estate purchases by anyone who is not a citizen or permanent resident, if they are not living in the province. Called the "Non-Resident Speculation Tax," it is similar to the tax imposed in Metro Vancouver last year.