Search results for “land transfer tax”
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Statement from TRREB on Toronto City Council’s Approval of an Increase to the Land Transfer Tax
Toronto residents want an affordable city. They want a city where families and individuals can put down roots, seniors can downsize with dignity, and young people can realistically aspire to homeownership. City Council’s decision to approve another increase to Toronto’s Municipal Land Transfer Tax (MLTT) moves the City further away from those goals. The Toronto…
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Request for Provincial Intervention to Prevent Further Municipal Land Transfer Tax Increases
TRREB has sent a letter to Premier Ford to request the province’s intervention in the proposed Municipal Land Transfer Tax (MLTT) increase in Toronto on homes above $3 million. Read the letter here.
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Toronto Residents Say City’s Reliance on Land Transfer Tax Is Fueling the Housing Affordability Crisis
New polling shows growing frustration as Council considers yet another MLTT hike. As Toronto City Council considers a proposal to increase the Municipal Land Transfer Tax (MLTT) on higher-value homes, new Ipsos polling conducted for the Toronto Regional Real Estate Board (TRREB) shows that 416 residents are deeply concerned about housing affordability and believe the…
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TRREB Statement on Proposed Increase to Toronto’s Land Transfer Tax on Higher Value Homes
Municipal land transfer taxes (MLTTs) hurt the Canadian dream of home ownership by taking thousands of dollars out of home buyers’ pockets. With average home prices in the City of Toronto exceeding $1 million, the Toronto MLTT adds over $17,000 to the upfront closing cost of buying a home. Together, home buyers pay both a…
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TRREB Welcomes Council Decision to Request a Report to Study First Time Home Buyer Land Transfer Tax Rebate
The Toronto Regional Real Estate Board (TRREB) welcomes the City of Toronto’s much anticipated revenue tools report’s consideration of a multi-year approach to property tax rates. Property tax is a more equitable, stable and appropriate means of taxation for the city, rather than increasing the reliance on an unpredictable revenue source such as the Municipal…
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TRREB Launches Fair Taxes on Ontario Homes Campaign to Tackle Rising Housing Costs
Newly Released Ipsos Polling Shows 72% of Young Ontarians Plan to Leave GTA Due to Affordability In response to the ongoing housing affordability crisis, the Toronto Regional Real Estate Board (TRREB) is launching a bold new campaign— Fair Taxes on Ontario Homes —to demand lower taxes and help bring homeownership back within reach for Ontarians. The campaign…
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TRREB Encourages All Policymakers to Consider Lower Taxes for Home Buyers and Sellers
Families and individuals living in the Greater Toronto Area (GTA) pay some of the highest taxes on the purchase of a home in North America. In Toronto, buyers can expect a double land transfer tax, development charges and sales taxes, totalling over $200,000 in taxes and fees on the average priced home. Cutting taxes for…
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The Impact of Taxation
TRREB Members ensure that clients like you get the home or business you want thanks to TRREB calling on policymakers to boost housing supply, address affordability, and create healthy economic conditions. Ontario has some of the highest housing taxes in North America.
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LTT Calculator – Residential
Calculate your municipal (Toronto) and provincial (Ontario) Land Transfer taxes.
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Home Buyers
<< Government Programs Home OwnersRegional Programs
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Government Programs – Draft
Rebates, incentives, tax credits and important property regulations simplified for homeowners and property owners.
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New TRREB Housing Report Recommends Action to Remove Remaining Roadblocks to a More Diverse Housing Supply
The Toronto Regional Real Estate Board (TRREB) today released a major new housing policy report, “Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,” outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. The report recognizes the…