Real Estate News

Luxury home tax could yield eighteen million dollars for Toronto in this year if approved

Image by Muntzir Mehdi from Pixabay

Properties valued at more than $2 million are currently subject to a municipal land transfer rate of two-and-a-half per cent, in addition to provincial fees, but proponents argue that a one-per-cent hike could generate much-needed cash for affordable housing and transit.

Continue to read on: CTVNEWS

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