August 7th, 2011- Despite a turbulent global economy and a frightening stock market, prices and demand remain high for Toronto real estate. And even though the additional Municipal Land Transfer Tax is a pain, it has not deterred purchasers. Clients moving here from elsewhere in the world tell me that our property taxes are quite low. So, if the Toronto Land Transfer Tax is abolished, yearly property taxes will likely need to be raised across the board. Hey-better that than lose all the services which have made our City great!
Andrea Stark, Sales Representative, Royal LePage R.E.Svcs.Ltd., J&D Division, Brokerage
Read TREB’s August Market Watch Report