LTT Could Spread – Speak Out

LTT Could Spread!

  • The provincial government has been reviewing the powers of Ontario municipalities and is seriously considering giving ALL municipalities the ability to charge a second land transfer tax, on top of the provincial land transfer tax.
  • Currently, only the City of Toronto has the authority to levy this tax, but officials in other municipalities have expressed an interest to do so if they are given the option.
  • NEW Municipal LTTs could affect the real estate market. If a new MLTT is implemented similar to the City of Toronto, the purchaser of an average-priced home in Simcoe County could face close to $10,000 in land transfer taxes, and the purchaser of an average-priced home in Dufferin County could face over $8,000 in land transfer taxes!
  • Polling by Ipsos Reid shows that 81% of “905 region” residents oppose this tax!

ACT NOW – Say NO to New Municipal Land Transfer Taxes

You can help NOW to prevent the spread of the Land Transfer Tax! Visit www.DontTaxMyDream.ca to quickly and easily send a message to your MPP telling them that you oppose new municipal land transfer taxes. It only takes one minute of your time, but makes a big difference in our efforts.

Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service.

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