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New research: Second land transfer tax threatens Ontario jobs and economic activity

from BREB

New research by the Ontario Real Estate Association (OREA) shows a significant loss of jobs and economic activity in major cities throughout the province if a second (municipal) land transfer tax were imposed on local home buyers. OREA is undertaking a province-wide information campaign to educate voters and politicians in advance of the upcoming municipal elections about the economic perils of a new municipal land transfer tax (MLTT) — as it is known in Toronto — being considered in some Ontario cities. more

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