Land Transfer Tax and Mississauga

Mayor Hazel McCallion has introduced a Land Transfer Tax and Mississauga Councillors have slapped it down. The tax would have gone a long way to stop a looming budget crisis … But, it would also lead straight to a reduction in home sales if the public opt to choose renovating their homes instead of selling.
Ontario municipalities looking to enhance their bottom lines through changes to the Municipal Act on regulations like a ‘Land Transfer Tax ‘ isn’t new and along with OREA and TREB political actions may continue to be fought.