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Taxing Home Equity Would Be ‘Political Suicide,’ Says Real Estate Group CEO

Started by Epoch-Times-Bot, Dec 07, 2022, 04:58 PM

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Epoch-Times-Bot

Dec 07, 2022, 04:58 PM
Taxing Home Equity Would Be 'Political Suicide,' Says Real Estate Group CEO

Taxing home equity would bring disastrous political consequences for the party in power, the CEO of the Canadian Real Estate Association (CREA) told the Senate finance committee on Dec. 6.
"It would be political suicide for anyone to suggest this," said CREA CEO Michael Bourque, according to Blacklock's Reporter.
"Those who do suggest it would probably preside at your political funeral."
Even though the Liberal government said it is not interested in taxing the sale of primary residences, Canada's housing agency recently funded a report that explored the topic.
The Canada Mortgage and Housing Corporation (CHMC) paid $450,000 to Generation Squeeze which suggested targeting housing wealth in its report released in January 2022....

Source: Taxing Home Equity Would Be 'Political Suicide,' Says Real Estate Group CEO

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