Your Help Is Critical: Toronto Land Transfer Tax Repeal Final Push.

This message applies to ALL of you who may be buying your 2nd home in the years to come.
 
Based on an average of $400k, this extra tax can cost you approx $4000 more to buy a new home.
 
Remember you CANNOT complain later if you did nothing about it now!!
 
 
September 7, 2011 -- Homebuyers Still Being Targeted!

Your help is needed NOW to help ensure that Toronto City Council keeps election promises to repeal the Toronto Land Transfer Tax. Some councillors are getting cold feet. Instead of ending waste, they would rather target homebuyers. See below to send an email to City Council and to your contacts to encourage them to email City Council also.  Take action NOW, we need this FINAL PUSH! 

SAY NO TO THE STATUS QUO! TELL CITY COUNCIL TO:

  • TARGET WASTE, NOT HOMEBUYERS!
  • MAKE THE TOUGH DECISION SO THAT CITY HALL LIVES WITHIN ITS MEANS!

How to Help: Your Actions Will Make a Difference!

The links below will allow you to easily email all City Councillors and your contacts to encourage them to take action also.  REALTORS®’ efforts have made a difference on this issue in the past and can do so again. TAKE ACTION NOW!

  • Email City Council:  Click here and an email, with all Councillor’s email addresses already inserted, will be opened for you.  All you have to do is write your thoughts on this issue and send the email. Brief comments are encouraged. TELL CITY COUNCIL TO TARGET WASTE, NOT HOMEBUYERS. TELL CITY HALL TO LIVE WITHIN ITS MEANS. SAY NO TO THE STATUS QUO.
  • Email your contacts / clients: City Council needs to hear from as many people as possible, including the public.  Your clients may appreciate being informed on this issue.  Click here to send them an email with a message and link to a TREB web site with more information and options for them to take action.
  • Use your social media tools to inform the public: If you use Facebook, Twitter, LinkedIn and other social media tools, use them to inform the public on the status of this issue and direct them to www.NoHomeBuyingTax.com to take action.


Current Status


Key Messages - What to Tell City Council:

  • Say NO TO THE STATUS QUO AT CITY HALL
  • City Council should target waste, not homebuyers.
  • City Council should make the tough decisions so that City Hall lives within its means.
  • Torontonians elected Mayor Ford and this City Council with a clear mandate to get the City’s finances in order and to repeal the Toronto Land Transfer Tax.  The public expects City Council to move forward on these commitments.
  • Getting the City’s finances in order requires comprehensive efforts; it can’t and shouldn’t be done by relying on the Toronto Land Transfer Tax, which unfairly targets one segment of Torontonians: homebuyers.
  • The Toronto Land Transfer Tax is a job killer:  economic analyses have shown that about 40,000 Toronto jobs rely on the economic activity that is generated when people buy and sell homes.
  • A recent public opinion poll conducted by Ipsos Public Affairs found that 75 per cent of Torontonians support Mayor Ford’s commitment to repeal the Toronto Land Transfer Tax.  Even when asked to consider the City’s budget shortfall, the public’s support remains very strong, with 68 per cent indicating that City Council should follow-through with the repeal of the Toronto Land Transfer Tax.

 

Background

REALTORS® have fought this tax every step of the way! 

  • Before it was implemented by City: REALTORS® and the public strongly opposed this tax, lobbied against it and informed the public through email, web, media, and advertising campaigns.   As a result, numerous concessions that eased the burden of this tax on homebuyers (reduced rate, rebates for first-time buyers, and grandfathering for existing transactions) were achieved.
  • After it was implemented by City:  REALTORS® have strongly and loudly pointed out the impacts of the Toronto Land Transfer Tax and called for its repeal.  As a result, the Toronto Land Transfer Tax was a key issue during last year’s municipal elections and Mayor Ford and numerous City Councillors promised to repeal it.

Originally posted by Toronto Real Estate 2011.

Paul Indrigo

Paul Indrigo

Sales Representative
CENTURY 21 Regal Realty Inc., Brokerage*
Contact Me

Blog Archives

Tags