Ted McMeekin, the Minister of Municipal Affairs and Housing, informed the legislature that the government will NOT give municipalities the ability to charge a municipal land transfer tax (MLTT). In short, the government has listened to our campaign and agreed that the MLTT was the wrong tax for Ontario municipalities. In doing so, Ontario REALTORS® have helped stop one of the largest tax increases on home ownership in a generation. That's will keep the only city charging the (MLTT) is Toronto.
Congratulations for all home Buyers.