Wednesday, November 21st, 2007
Ever since Toronto's municipal council approved the new land transfer tax, set to come into effect in February 2008, Canadian banks have been wooing Toronto's imminent homebuyers with cash-back offers and promotional mortgage rates to offset the tax's cost.
Bank of Montreal, Royal Bank of Canada, TD Canada Trust and Bank ...
Posted in Real Estate News
Tuesday, October 23rd, 2007
The Toronto City Council approved yesterday the much-debated Land Transfer Tax (LTT) in hopes of offsetting the city's budget shortfall, sparking a scramble among buyers hoping to close their real estate deals before the end of the year.
The new tax will add up to 2% to the cost of both ...
Posted in Real Estate News
Wednesday, July 4th, 2007
The Toronto Star recently published a report on a new land transfer tax under consideration by the municipal council. The land tax would make Toronto homeowners the only Canadians to pay two, concurrent land transfer taxes, both provincial and municipal.
This has many groups up in arms, concerned about impacting a ...
Posted in Real Estate News