Mayor Olivia Chow is again proposing to increase Toronto’s Municipal Land Transfer Tax

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Once again, Mayor Olivia Chow is proposing to increase Toronto’s Municipal Land Transfer Tax.

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This latest tax increase is being defended by supporters as necessary to help make the city more affordable and deliver vital services. It is also the latest in a series of tax increases on housing that Torontonians have been asked to absorb over the past several years.

Even so, after years of tax increases on housing and a “new deal” that delivered billions in provincial support, Torontonians are still waiting to see the results.

Over the past three years, Torontonians have kept their side of the bargain. In 2023, residential property taxes rose 7%. In 2024, they jumped another 9.5%,........

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