Toronto: The Only City in Ontario With Its Own Land Transfer Tax
Wednesday Dec 14th, 2016
ShareJust weeks after Ontario's Finance Minister announced that first-time home buyers would receive double the rebate on provincial land transfer tax effective January 1, 2017, the city of Toronto is in talks to "harmonize" its land transfer tax with the province's. The Toronto Real Estate Board (TREB) and realtors warn against this move. First-time home buyers are already cash-strapped and facing increasing competition as home prices continue to rise astronomically. Many homes... [read more]