The Ontario Ministry of Municipal Affairs and Housing has indicated that they intend to allow every municipality in Ontario the power to charge a Municipal Land Transfer Tax (MLTT), a change that could double the land transfer taxes consumers have to pay on their next home.
Since 2008, only the City of Toronto has been able to levy a municipal land transfer tax. A recent study showed that the Toronto land transfer tax has cost the city almost 15,000 jobs and $2.3 billion in lost economic activity.
Together we can stop the spread of this tax to other municipalities. TREB along with OREA and REALTOR® Boards/Associations across Ontario are taking action against MLTT.
TREB is calling on all Members to take action now and say NO to another home owner tax. Together we can stop the spread of this tax. Click here to voice your concern. YOUR VOICE CAN MAKE A DIFFERENCE.
For more information on the Municipal Land Transfer Tax and the campaign to stop it, visitwww.DontTaxMyDream.ca