The Toronto housing market
will get a new tax to fend off speculators and expanded rentincrease protection as Ontario attempts to slow record homeprice growth. The measures are meant to control what some call a price bubble endangering the broader economy. The 15 percent levy will apply to non-Canadian citizens, nonpermanent residents and non-Canadian corporations buying residential properties containing one to six units in the greater Toronto area, the Ontario government said. Rent control will be imposed on buildings constructed after 1991. COMING TODAY 10 a.m.: Existing-home sales.