Downtown Toronto Real Estate News - Realtor Wayne Chung

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TREB Applauds Protection Of First-Time Home Buyers But Remains Concerned About LTT Increase For Repeat Buyers

The Toronto Real Estate Board is encouraged that the City of Toronto’s Budget Committee has decided not to currently move forward with proposed Land Transfer Tax increases on first-time home buyers; however, TREB remains concerned about a proposal to increase the Land Transfer Tax by $ 750 for all other buyers, and is also calling for changes that will help first-time buyers.

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