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In 2017, the Canadian province of Ontario instituted a 15 percent nonresident speculation tax on home purchases. Last year, Singapore and another Canadian province, British Columbia, increased their already hefty taxes on foreign real estate investment to 20 percent. Britain is considering adding a 1 percent tax on home purchases made by nonresidents, on top of its 3 percent tax on second-home and rental property purchases, and Malaysia is also eyeing new levies.