"They are only looking for a quick profit or a safe place to park their money", she said.
The new policies are expected to include sweeping rent control changes, a tax on foreign buyers and efforts to tamp down speculative investment, The Canadian Press has learned. As of Monday, however, homebuyers are required to give information about their residency and citizenship status and how they intend to use the property.
Harris wondered at the effect of targeting only people who don't live in Canada.
Sales in Greater Vancouver, once the country's hottest real estate market, fell 31.5 per cent compared with a year ago.
But if prices in Vancouver keep climbing, it might mean that the impact of British Columbia's foreign buyer tax is wearing off and that Toronto's own housing taxes might deliver only a temporary reprieve.
The average price of detached houses in the Greater Toronto Area rose to $1.21 million Canadian (US$900,000) last month.
Making it more affordable to buy or rent a home is part of Ontario's plan to create jobs, grow our economy and help people in their everyday lives. Tenants in newer units have complained of dramatic spikes in rent.
But even Ma, who said only 5 to 8 percent of the 10,000 deals his 1,100 agents did previous year involved foreign investors, thinks it is time for the government to do something about the housing bubble.
Along with expanding rent control, the province also pledged to strengthen the Residential Tenancy Act.
Add in contradictory municipal policies that encourage higher residential densities, while simultaneously discouraging the development of multi-unit residences (apartments and townhouses) wherever there are single-family homes.
Sousa discussed vacancy rates that are constraining supply at a meeting this week with the federal finance minister and Toronto Mayor John Tory, who has been talking about a vacant homes tax.
Wynne will join Finance Minister Charles Sousa and Housing Minister Chris Ballard on Thursday against a backdrop of condo towers in booming Liberty Village to launch a massive plan to improve housing affordability.
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No passengers on the plane have mentioned that Dao did anything but refuse to leave the plane when he was ordered to do so. The airline said it is "reaching out" to customers on Flight 3411 and "offering compensation for their flights".
"We're going to continue to pay close attention to what happens in the housing market", she said.
While the Fair Housing Plan's creation of a new Housing Supply Team aims to identify and overcome obstacles pertaining to specific projects, specifics of how this would apply to the development industry remain unclear in the Province's newly-released documents.
The provincial government has been facing growing pressure to take action on soaring real estate prices in Canada's most populous city and its surrounding areas.
Neither of Ontario's opposition parties objected to any of the government's proposed measures.
Farms.com will provide coverage of the Ontario budget and its impact on agriculture when it's tabled on April 27. Progressive Conservative Housing Critic Ernie Hardeman said the measures are moving "in the right direction".
The gathering in Toronto comes as the Ontario government readies to unveil a much-anticipated package of housing affordability measures. Called the "Non-Resident Speculation Tax", it is similar to the tax imposed in Metro Vancouver previous year, but with a rebate for homebuyers who become resident within a limited time period after the purchase.
- Expanded rent control that will apply to all private rental units in Ontario, including those built after 1991, which are now excluded.
A standardized lease document for all tenants.
What Sousa didn't say is that the Liberals have more than doubled Ontario's debt to more than $300 billion since coming to power in 2003, which has made Ontario the most indebted sub-sovereign (non-national) borrower in the world.
"This report is a look inside the heads and homes of Canadians, and should be a companion piece for those seeking a more in-depth understanding of our housing market and how it affects Canadians".
The province also indicated that they have a number of things on their To Do list including looking into assignments of new construction properties and providing more transparency into real estate transactions.