Our liberal “government” is looking at charging capital gains of 25% on primary residences, which have always been exempt. They actually said, if someone bought a home in Toronto years back for $300,000.00, that home is now worth $2M. That’s a lot of profit and that’s not fair. I didn’t hear anything about the “government” covering any losses if anyone bought a home and the value went down. They must have skipped that part.
I assume the gains would be when the house is sold, like it is here?