Property Transfer Tax Increased in Toronto | Vancouver vs. Toronto Property Transfer Tax Comparison | Matt Gul
Posted on Jan 04, 2024
Luxury home buyers in Toronto will now face a substantial increase in municipal land transfer taxes, with rates escalating based on property values.
Effective Monday, the tax hike primarily impacts properties exceeding C$3 million (US$2.2 million), potentially causing a temporary slowdown in the city's luxury real estate market. This move, approved...