Understanding Ontario's Non-Resident Speculation Tax (NRST) for Foreign Buyers

Wednesday Apr 5th, 2023

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Queen's Park

  Unpacking Ontario's Non-Resident Speculation Tax (NRST)   A Brief History of the NRST   Ontario first implemented the NRST in April 2017 to curb international investors from purchasing residential properties in the province, making homeownership more accessible for local residents. Initially, the 15% tax only applied to the Greater Golden Horseshoe Region (GGH) in Southern Ontario. However, it later expanded province-wide. On March 30, 2022, the NRST... [read more]

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