Ontario is expected to impose a tax on "non-resident speculators" when it announces new measures Thursday to cool the red-hot housing market in Toronto, according to people familiar with the plans.


Ontario Premier Kathleen Wynne, Finance Minister Charles Sousa and Housing Minister Chris Ballard are scheduled to make an announcement at 9 a.m. The Globe and Mail reported Thursday, without saying where it got the information, that the tax rate could be 15 percent and that rent control will be expanded to buildings constructed after 1991.

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