UPDATE: YAY!! NO MUNICIPAL LAND TRANSFER TAX IN KW & SURROUNDING!!! (except Toronto)

GREAT NEWS & TO KNOW THAT YOUR LOCAL REALTOR & MANY OTHERS ARE
WORKING HARD TO PROTECT YOU THE CONSUMER!!

 

Here is the Minister’s Statement:

"Our government has a strong record of supporting Ontario’s 444 municipalities. We believe it’s important to have a good working relationship with our municipal partners to ensure that they are able to provide the services their communities need. This year alone, as a result of the combination of provincial uploads and other supports, Ontario’s municipalities are receiving a combined benefit of more than $3.7 billion.

My job as Minister is to be a voice for our municipal partners. And that means listening carefully to our partners and stakeholders. That’s why, following every municipal election, the province undertakes a regular review of the Municipal Act. We consulted with a wide range of stakeholders during the Municipal Act review period that ended on October 31.

While we are currently reviewing the feedback from our partners, it is clear is that there has been no call for a Municipal Land Transfer Tax. I was pleased communicate our government’s position today, that other than in Toronto, where the power already e ists, our government will not be e tending Municipal and Transfer Ta powers to other Ontario municipalities. "

Sarahlynn Chounramany

Sarahlynn Chounramany

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

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