Cities outside Toronto cannot charge land-transfer tax, Ted McMeekin says

Ontario backs down on municipal land transfer taxes, as they would add thousands to the cost of homes. Homebuyers outside Toronto no longer have to worry about paying thousands of dollars in local land transfer taxes. Municipal Affairs Minister Ted McMeekin shut down speculation Tuesday that cities and towns would be given permission to bring in their own such levy in addition to the provincial land transfer tax. “There has been no … [Read more...]