Toronto Mayoral Candidate Chow Touts Plan to Increase Tax on Expensive Real Estate to Build Affordable Housing

Toronto Mayoral Candidate Chow Touts Plan to Increase Tax on Expensive Real Estate to Build Affordable Housing
Houses under construction in Toronto in a file photo. Graeme Roy/The Canadian Press
Peter Wilson
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TORONTO—Olivia Chow, a former federal NDP MP and now one of the frontrunners in Toronto’s municipal by-election, reiterated her campaign promise on May 24 to increase taxes on expensive real-estate purchases in the city and use the public revenue to build more affordable housing units if she is elected mayor.

Chow made the comments during a mayoral debate hosted by the Toronto Alliance for Performing Arts at the Young People’s Theatre in downtown Toronto on May 24.