When you buy a home in Toronto, City Hall's LAND TRANSFER TAX forces you to pay THOUSANDS, up front — $7,000 for the AVERAGE home, and you pay it again EVERY time you move. Toronto is the ONLY municipality in Ontario that charges this tax.
It hurts you when you can least afford it, like when you have to move because your family is growing, or when your retirement needs change. Even many first-time buyers, struggling to save, have to pay.
City Hall has collected over $300 million MORE than budgeted from the LTT, since it took effect! That's not right. www.letsgetthisrighttoronto.ca/now/