In the third national wave of the Campaign Research Poll, an online omnibus opinion survey conducted among 1,970 adult Canadians, the majority, close to 6 in 10, agree that the federal government should intervene in the housing market in urban centres to cool down prices (58%). This is especially the case in the City of Toronto (64%), and also in the GTA surrounding Toronto (62%). Those under 35 are especially keen to see this kind of intervention (18 to 24 - 69%, 25 to 34 - 70%), as are those in Ontario and BC (62%), Liberals (62%) and New Democrats (68%). The least wealthy agree (62%) as do the wealthy ($80K to $100K - 62%).
When asked to specify which of four actions should be taken by the federal government to cool
market prices, the preferred solution is a foreign buyers’ tax (39%), followed distantly by a tax
on vacant homes (13%) and tightening mortgage lending requirements (11%). Few opt for
raising interest rates (5%). About one tenth say to do nothing (7%) or do something other than
the four options listed (9%), while about a sixth do not have an opinion (15%). A tax on vacant
homes is especially popular in Toronto (17%) and BC (22%).
“This is a clear indication of the severity of the housing affordability crisis for Canadians,
especially those in Toronto where government intervention is seen to be the solution. The
preferred intervention, a foreign buyers’ tax, however, may sound appropriate but may not
be the answer to the core problem,” said Eli Yufest, CEO of Campaign Research. Eli may be
reached at email@example.com or at (647) 931-4025 ext 109
This online poll was conducted between April 3 and 11, 2017, among a sample of 1,970 adult
Canadians. A probability sample of this size would have a margin of error of plus or minus 2%,
19 times out of 20.