Foreign buyer taxes and house prices in Canada: A tale of two cities

被引：4

作者：

Du, Zaichao ^{[1
]}

Yin, Hua ^{[2
]}

Zhang, Lin ^{[3
]}

机构：

[1] Fudan Univ, Sch Econ, 600 Guoquan Rd, Shanghai 200433, Peoples R China

[2] Shanghai Univ Finance & Econ, Res Inst Dev Shanghai, 777 Guoding Rd, Shanghai 200433, Peoples R China

[3] Canada Mortgage & Housing Corp, 700 Montreal Rd, Ottawa, ON K1A 0P7, Canada

来源：

JOURNAL OF HOUSING ECONOMICS | 2022年 / 55卷

关键词：

House price; Foreign buyer tax; Panel program evaluation; RDD; PANEL-DATA APPROACH; REGRESSION;

D O I：

10.1016/j.jhe.2021.101807

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In August 2016, the government of British Columbia imposed a tax of 15% on foreign entities buying residential property in Vancouver. A similar tax was imposed in Toronto in April 2017. This paper empirically evaluates the effects of foreign buyer taxes (FBTs) on house prices in Vancouver and Toronto, using a variant of the panel program evaluation method with city-level data and a regression discontinuity design method with house-level transaction data. Our results show that the FBT reduced the house prices in Vancouver by around 5% from 2016: M08 to 2017:M12, and by something within the range of 7% to 9% in Toronto from 2017:M04 to 2017:M12. These effects were concentrated in the single-detached home segment in both cities.

引用

页数：15

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