Tag Archives: home buyer
Tell City Hall to Target Waste, Not Home Buyers
Toronto Sun – Richard Silver, Toronto Real Estate Board President
Next week is an important time for our City and for property buyers. Some key City of Toronto Councillors will be making decisions on how to get the City’s finances in order so that City Hall can live within its means. What they decide can directly impact your property buying decisions because their actions may be an important step towards keeping Mayor Ford’s promise to repeal the Toronto Land Transfer Tax, which costs the average Toronto home buyer a whopping $6,000, up front.
Before I elaborate, I’d like to make a request: help yourself by going to www.NoHomeBuyingTax.com to send an email to City Council and tell them that City Hall needs to live within its means. Tell them that City Hall needs to target waste, not home buyers. Say no to the status quo.
I understand that everyone is busy and, these days, it is difficult to find the time to take action, even on important issues like this, but a few seconds of your time today, could, literally, save you thousands of dollars of land transfer tax in your future home purchase.
City Council needs to hear from you so that they move forward with making City Hall live within its means, just like you do, instead of standing in the way of Mayor Ford’s promise to repeal the Toronto Land Transfer Tax. Some Councillors would prefer to keep this tax to avoid tough decisions on the City’s finances. To make it easier for you, we have set up a special web site, www.NoHomeBuyingTax.com, which allows you to send City Council your thoughts, in your own words, with one easy click.
Make no mistake, I understand that the decisions facing City Council are not easy. Home buyers and business owners want communities with a high quality-of-life, so REALTORS® understand the importance of municipal services; but getting the City’s finances in order is important to ensuring the City’s quality-of-life over the long-term. The long-term vibrancy of our City depends on it. That’s why City Hall needs to re-think the way it operates, just like any household has to review its budget from time-to-time. Torontonians don’t want band-aids to the City’s financial challenges; they want long-term solutions.
It is no surprise to me that Mayor Ford was elected with an overwhelming mandate to make City Hall live within its means and to repeal the Toronto Land Transfer Tax. He was, and is, supported by Torontonians who, for years, have been hollering that they are tired of wasteful spending at City Hall. Unfortunately, there are some City Councillors who would prefer to maintain the status quo at City Hall, including the Toronto Land Transfer Tax, which is why it is so important for you to let them know what you think at www.NoHomeBuyingTax.com.
The Toronto Land Transfer Tax is paid up-front by the buyer when a property is purchased. It costs the average Toronto home buyer about $6,000. When added to the provincial version of this tax, average Toronto home buyers face over $12,000 in land transfer taxes, and it could be substantially more depending on the home.
When the City first proposed the Toronto Land Transfer Tax, REALTORS®, and the public, fought back and told City Council that it was unfair to be targeting home buyers and real estate transactions to solve the City’s financial problems. Like then, we are continuing to tell them that they should target waste, not home buyers. We hope that you will do the same. You can make a difference. Go to www.NoHomeBuyingTax.com and say no to the status quo.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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Related posts:
- Greater Toronto REALTORS Say No to Status Quo at Toronto City Hall Torontonians want the Toronto Land Transfer Tax abolished; they don’t…
- Make Home Owners Priority of City Budget A recent study conducted by the C.D. Howe Institute and…
- Toronto Realtors Call for a “Home Owners’ Budget” From City In advance of the release of the City of Toronto’s…
- Federal Budget Helps Home Buyers and Owners It is always rewarding when hard work produces results. That’s…
- Toronto Realtors Ask City Budget Committee to Consider Impact of Land Transfer Tax With a deputation to the City of Toronto’s Budget Committee…
Time To Repeal The Land Transfer Tax
Bill Johnson – Toronto Sun
Within the next few weeks, my Presidential term with the Toronto Real Estate Board concludes, and while this occasion certainly presents an opportunity for a time of reflection, it is more important to keep looking forward and to keep the spotlight shining on key issues such as the Toronto Land Transfer Tax.
GTA REALTORS®, and the public, continue to look forward to the fulfillment of the election commitment, of Mayor Rob Ford and numerous City Councillors, to repeal the Toronto Land Transfer Tax.
It is clear that the public expects the Mayor and City Council to move forward with the commitment to repeal the Toronto Land Transfer Tax, and it is unlikely that they will forget about this.
This is a significant tax: it costs the average Toronto home buyer almost $6,500, and when added to the Provincial Land Transfer Tax, average Toronto homebuyers face almost $14,000 in land transfer taxes. REALTORS® look forward to working with the Mayor and City Council on a reasonable approach to deliver on this promise.
TREB has consistently opposed the Toronto Land Transfer Tax as an unfair tax that hurts Toronto’s economy. TREB strongly believes that the commitment by Mayor Rob Ford, and numerous City Councillors, during and after the election campaign to repeal the Toronto Land Transfer Tax was, and is, sensible.
Recently, the City’s Budget Chief has pointed out the budgetary challenges facing the City. REALTORS® believe that City Council is moving in the right direction by conducting a comprehensive review of City services; we also strongly believe that the commitment to repeal the Toronto Land Transfer Tax can, and should, move forward.
A recent public opinion poll conducted by Ipsos Public Affairs for TREB, found that 75 per cent of Torontonians support Toronto Mayor Rob Ford’s commitment to repeal the Toronto Land Transfer Tax.
In light of the City’s Budget Chief’s recent comments, the poll contained interesting results. In particular, even when asked to consider the City’s expected budget shortfall, the public’s support for the repeal of the Toronto Land Transfer Tax remains very strong, with 68 per cent of Torontonians believing that the Mayor should follow-through on this commitment, despite the City’s budget challenges.
The poll also found that the public is paying attention to this issue: a large number of Torontonians, 61 per cent, were previously aware that Mayor Ford has committed to repeal the Toronto Land Transfer Tax.
We have an obligation to protect the affordability of home ownership for future generations. From job creation to providing a healthy and stable environment for raising a family, home ownership matters to people, communities and Ontario.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
———————————————————————————————————————
Related posts:
- Public Expecting Land Transfer Tax Repeal to Move Forward, Despite Budget Challenges Greater Toronto REALTORS®, and the public, continue to look forward…
- Taking steps towards the repeal of the land transfer tax For years, GTA realtors have been telling the city that…
- Repeal Toronto Land Transfer Tax With Toronto City Council scheduled to debate and vote on…
- Will We See The End of Land Transfer Tax in Toronto? Toronto builders and realtors are waiting to see if Rob…
- REALTORS® Take Public’s Pulse on GTA Issues, Including Toronto Land Transfer Tax Greater Toronto REALTORS® have released the results of public opinion…
Public Expecting Land Transfer Tax Repeal to Move Forward, Despite Budget Challenges
Greater Toronto REALTORS®, and the public, continue to look forward to the fulfillment of the election commitment, of Mayor Rob Ford and numerous City Councillors, to repeal the Toronto Land Transfer Tax.
“It is clear that the public expects the Mayor and City Council to move forward with the commitment to repeal the Toronto Land Transfer Tax, and it is unlikely that they will forget about this. This is a significant tax: it costs the average Toronto home buyer almost $6,500, and when added to the Provincial Land Transfer Tax, average Toronto homebuyers face almost $14,000 in land transfer taxes. REALTORS® look forward to working with the Mayor and City Council on a reasonable approach to deliver on this promise,” said Toronto Real Estate Board President Bill Johnston.
TREB has consistently opposed the Toronto Land Transfer Tax as an unfair tax that hurts Toronto’s economy. TREB strongly believes that the commitment by Mayor Rob Ford, and numerous City Councillors, during and after the election campaign to repeal the Toronto Land Transfer Tax was, and is, sensible.
“Recently, the City’s Budget Chief has pointed out the budgetary challenges facing the City. REALTORS® believe that City Council is moving in the right direction by conducting a comprehensive review of City services; we also strongly believe that the commitment to repeal the Toronto Land Transfer Tax can, and should, move forward,” said Johnston.
A recent public opinion poll conducted by Ipsos Public Affairs found that 75 per cent of Torontonians support Toronto Mayor Rob Ford’s commitment to repeal the Toronto Land Transfer Tax.
In light of the City’s Budget Chief’s recent comments, the poll contained interesting results. In particular, even when asked to consider the City’s expected budget shortfall, the public’s support for the repeal of the Toronto Land Transfer Tax remains very strong, with 68 per cent of Torontonians believing that the Mayor should follow-through on this commitment, despite the City’s budget challenges.
The poll also found that the public is paying attention to this issue: a large number of Torontonians, 61 per cent, were previously aware that Mayor Ford has committed to repeal the Toronto Land Transfer Tax.
———————————————————————————————————————
Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
———————————————————————————————————————
Related posts:
- Time To Repeal The Land Transfer Tax GTA REALTORS®, and the public, continue to look forward to…
- Taking steps towards the repeal of the land transfer tax For years, GTA realtors have been telling the city that…
- Public Wants Toronto Land Transfer Tax Repealed It is no secret that Toronto Realtors are strongly opposed…
- Repeal Toronto Land Transfer Tax With Toronto City Council scheduled to debate and vote on…
- REALTORS® Take Public’s Pulse on GTA Issues, Including Toronto Land Transfer Tax Greater Toronto REALTORS® have released the results of public opinion…
