Ontario to Unveil Plan to Cool Toronto Housing
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main reasons Jake Abramowitz supports the idea of a foreign buyer tax?
To reduce the number of houses available
To increase housing prices
To prevent Canadian buyers from being priced out
To encourage foreign investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge in identifying foreign buyers according to Jake?
Lack of interest from the government
Too many foreign buyers in the market
High taxes on foreign buyers
Insufficient data collection by realtors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does Jake Abramowitz oppose a house flipping tax?
It would reduce the number of available houses
It could lead to job losses in the subcontractor community
It would discourage foreign investment
It would increase housing prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one effect of the housing measures implemented in Vancouver?
A decrease in job opportunities in Vancouver
A flood of people moving to Ontario
A decrease in housing prices in Toronto
An increase in foreign buyers in Vancouver
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected market reaction to the new policies before their implementation?
A surge in foreign investments
A minimal reaction similar to the stress test
A complete halt in housing sales
A significant drop in housing prices
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