Taxing Home Equity Would Be ‘Political Suicide,’ Says Real Estate Group CEO

A sold sign is shown on the lawn of a residential property on the west island of Montreal in this file photo. Graham Hughes/The Canadian Press

Taxing home equity would bring disastrous political consequences for the party in power, the CEO of the Canadian Real Estate Association (CREA) told the Senate finance committee on Dec. 6.

“It would be political suicide for anyone to suggest this,” said CREA CEO Michael Bourque, according to Blacklock’s Reporter.