Realtors in Ontario have called on consumers to take action to help stop land transfer tax spreading to municipalities. The Kitchener-Waterloo Association of Realtors is urging residents to make their views known to their MPP ahead of a vote in the legislature on December 3. Mark Wolle, KWAR president, says that 90 per cent of residents polled oppose a municipal tax and warns that if it happens it will cost homebuyers dearly: “Home buyers would be forced to hand over approximately $7,300 in total land transfer taxes on the average priced home. This will be a barrier to families looking to achieve their dreams of home ownership, and will have serious impacts on the local economy.” He noted that each home transaction generates around $55,000 in spin-off benefits for the economy.
MBN
We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.
Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!
No comments:
Post a Comment