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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Municipal Candidates Must Choose, Higher Taxes or More Homeownership
Over the past few years, governments have taken important steps to improve housing affordability. Ontario and the federal government have worked together to significantly reduce development charges and lower the harmonized sales tax (HST) on new homes. The governments took these steps largely because high housing taxes make homes less affordable and discourage new construction.…
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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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Economic Uncertainty Kept GTA Homebuyers on the Sidelines in September
Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales. GTA REALTORS® reported 5,040 home sales through TRREB’s MLS® System in September 2026 – down nine per cent compared to September 2025. New listings entered into the MLS® System amounted…
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MLTT Relief is a Significant Step Forward for Homebuyers in Toronto
Toronto residents continue to express concern about how municipalities raise revenue, and the Municipal Land Transfer Tax (MLTT) remains a top concern. The Toronto Regional Real Estate Board (TRREB) is calling on municipal candidates to address a significant upfront cost facing homebuyers, including modernizing the outdated first-time homebuyer MLTT rebate and reducing the onerous MLTT upfront…
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New Municipal Election Poll Shows Strong Voter Support For Action on Housing Affordability in GTA and Barrie
85% of GTA and Barrie residents are concerned about housing affordability and 69% say housing will impact their vote in the upcoming municipal election Greater Toronto Area (GTA) and Barrie residents are signalling strong intentions to vote in the upcoming municipal election, and housing affordability is a defining issue at the ballot box, according to new…
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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…