#THECLOSERSDAILY : EPISODE 48: WYNN WILL IT STOP

The Closers Daily Episode 48. Almost midnight, getting home from a crazy week of travel. But as always we're gonna get this content to you guys daily. And this one's gonna cover the new foreign buyer tax that was just announced by the provincial government. So in BC a little while ago they instituted a foreign buyer tax, thinking they could control the housing market with it and stem some of the crazy price increases and where the real estate market was going there. They decided to do the same thing in Ontario, mainly because of what's been happening in Toronto but actually if you go and search a guy named Simon Giannini he's one of the top real estate agents in Toronto. And he had an interesting point. Only three percent of the sales in Toronto have been from foreign buyers. So you know whenever the governments intercedes and tries to control commodities using regulation it doesn't typically end well. It's gonna be really interesting to see what happens over the next little bit. Next couple days of the series we'll dig in, talk to some different people and get some different perspectives on the issue but that's something you definitely need to know about. Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”