Notice how they try to make this tax sound palatable. It's 'HARMONIZED". Sounds musical, lyrical downright soothing. The truth is it will make home ownership more expensive especially in the area of utilities.
That said, there is no end to the strength of this market. Not now, not in the future. Sure, we have ups and downs but the ups outnumber the downs and are more sustained. Mortgage rates are ridiculously low.
When I started in real estate in 1973 rates hit 10% and are now as low as 1.9% (variable rate). Whats up with that?
Employment is strong and the rumour is "Thery're not making any more land". Therefore scarcity and higher prices should prevail.
Want cheap property...buy in the USA. At least for now. My guess is that prices there are heading north too.