Mayor
Hazel McCallion has introduced a Land Transfer Tax and Mississauga Councillors
have slapped it down. The tax that would have gone a long way to
curtail looming budget crisis ... which, if you take the Toronto
road, could lead to a decrease in home sales with the public opting
for renovations instead of selling. It would also create the double
whammy of a provincial and city land tax.
CD HOWE reports on Land Transfer Tax Impact
CD HOWE reports on Land Transfer Tax Impact
Ontario
municipalities looking to enhance their bottom lines
through changes to the Municipal Act on regulations such as a
'Land Transfer Tax' is not new and along with OREA and TREB political actions
will continue to be fought. Please know that MREB on your behalf is
mounting a campaign against Mississauga's move ... and in due
course we will be asking for your support. We will keep
you posted as the plan takes shape.
For
further information read the following articles:
How well managed is your community?
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