Olivia Chow is proposing an increase in Municipal Land Transfer Tax

The tax increase would work in the following way. Homes valued between $3 million and $4 million would see a 0.9 per cent change in rate, to a total 4.40 per cent. Homes valued between $4 million and $5 million would see a 0.95 per cent change in rate, to a total 5.45 per cent. Homes valued between $5 million and $10 million would see a one per cent change in rate, to a total of 6.5 per cent. Homes valued between $10 million and $20 million would see a 1.05 per cent change in rate, to a total 7.55 per cent. Homes valued above $20 million would see a 1.10 per cent change in rate, to a total 8.6 per cent.

Published on: 12/8/2025

Comments: (comming)