TORONTO – Just weeks after Ontario’s government proposed major changes to its Land Transfer Tax (LTT) rebate program for first-time buyers, the City of Toronto may be preparing to consider bringing own municipal LTT in line with the province’s. In a news release issued November 25, the Toronto Real Estate Board (TREB) warns that the […]
Ontario to Double LTT Refund for First-Time Buyers
TORONTO – As home prices continue to escalate across Greater Toronto and beyond, aspiring home buyers may find some relief in a newly-proposed increase to the province’s Land Transfer Tax (LTT) refund. The proposed legislation would see the maximum refund – which is currently available only to eligible first-time buyers in Ontario – double from […]