TREB recently presented its views on the City of Toronto's proposed 2016 Budget during public hearings held by the City's Budget Committee. TREB emphasized the need for inflationary adjustments to the City's Land Transfer Tax to ensure first-time buyers and people purchasing average priced homes continue to benefit from relief measures built into the tax, as intended.
Read TREB's full presentation here.
Watch TREB's presentation here (begin watching at 37:30 minute mark).