Work with the Minister of Families, Children and Social Development who is the Minister responsible for the Canada Mortgage and Housing Corporation (CMHC) to limit housing speculation by developing a framework and introducing a 1 per cent annual vacancy and speculation tax on applicable residential properties owned by non-resident non-Canadians. This would involve working with provinces, territories, municipalities and law enforcement to track housing ownership and speculation.
https://pm.gc.ca/en/mandate-letters/minister-finance-mandate-letter