Recently, the provincial government is considering giving municipalities the power to charge a municipal land transfer tax on top of the provincial land transfer tax.
Patricia Verge, President of OREA says it best:
“Ontario home buyers are already charged a provincial land transfer tax, so by adding a municipal tax, they’re essentially doubling the tax burden on Ontario families,” says Patricia Verge, president of OREA. “If the Ontario Liberals follow through with this plan, home buyers will be forced to pay $10,000 in total land transfer taxes on the average priced home in Ontario, starting as early as next year.”
Help us inform our government that the people of Ontario cannot afford another tax when trying to realize their dream of home ownership.
Click on the link below to say NO to the tax: