December 2, 2015
OSHAWA, ON, Dec. 1, 2015 – Today is a great day for Ontario residents! The Honourable Ted McMeekin, Minister of Municipal Affairs and Housing, announced that the government will not be extending the Municipal Land Transfer Tax power to Ontario municipalities outside of Toronto, where the power already exists.
“This is wonderful news for all current and future Ontario home owners,” said Sandra O’Donohue, President of Durham Region Association of REALTORS® (DRAR). “On behalf of DRAR, I would like to thank Minister McMeekin for listening to thousands of Ontarians who opposed the added tax.”
During Question Period, McMeekin declared: “I was pleased to communicate our government’s position today, that other than in Toronto, where the power already exists, our government will not be extending Municipal Land Transfer Tax powers to other Ontario municipalities.”
The Ontario Real Estate Association (OREA) launched a major campaign in November that encouraged the public to speak up against the spread of the MLTT. Overall, 32,000 members of the public voiced their opposition to the spread of the added tax.
“I would like to thank OREA, DRAR Members as well as the many members of the public who made their voice known. You have helped keep home ownership affordable and we would not have seen this outcome without your continued support” commented O’Donohue.
Durham REALTORS®, We Work Where You Live. To contact a local Durham Association REALTOR® or to search for a weekend open house or listings in your neighbourhood, please visit www.DurhamRealEstate.org
(905) 723-8184
(905) 723-7531
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