For the past month, the Ontario Government has been talking and thinking about expanding the Land Transfer Tax to allow municipalities to charge home buyers a Land Transfer Tax on top of the tax already charged by the Ontario Government.

A change like this, would have instantly made it much more costly and more difficult for house hunters to buy a home.  For the past month, countless industry professionals (locally this includes the local Thunder Bay Real Estate Board and Salespeople) have been working hard to protect buyers by working to lobby our Provincial Leaders.

SUCCESS!  This afternoon, reported in the National Post… (See full article here) has announced that the Ontario Government had decided to not move forward with their plans to allow municipalities to also charge Land Transfer Tax.  This is a huge win for home owners and future home owners in Ontario.

Have any additional questions, please feel free to contact me anytime.