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taxes real estate: What are they thinking? - 06/26/07 08:53 AM
Last night Toronto city council voted in a 1.5% land transfer tax on the sale of residential and commercial property. So what does this mean to home buyers? Starting in January the purchaser of an average Toronto home, priced at a little more than $380,000, would pay $8,488 in total land transfer fees, up from $4,244.
I am not a Realtor nor am I a tax guru but come on! How can this NOT have a negative effect on the Toronto real estate market?
Your thoughts...
(10 comments)

 

Lucie Quigley

Halifax, NS

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HOLT modern Home Staging

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