Log in as a…


Login

NEW!

We’ve partnered with CREA to help improve your member experience and give your information the best security possible.

You will be returned to OREA once you have successfully logged in.

Login as a Member

We can help

articleimage

December 1, 2015

ON Government: MLTT will not be extended

Today, the Honourable Ted McMeekin, Minister of Municipal Affairs and Housing, announced that the government will not be extending the Municipal Land Transfer Tax power to Ontario municipalities outside of Toronto, where the power already exists.

“This is a huge win for Ontario’s home owners and those who dream of one day owning a home. It reaffirms that the municipal land transfer tax is a bad revenue tool, not just outside Toronto but in it as well,” said Patricia Verge, President of the Ontario Real Estate Association (OREA). “On behalf of OREA, I want to thank Minister McMeekin for his leadership on this issue and for standing up for Ontarians who said, by the thousands, that this is not a fair or equitable tax.”

During Question Period, McMeekin declared: “I was pleased to communicate our government’s position today, that other than in Toronto, where the power already exists, our government will not be extending Municipal Land Transfer Tax powers to other Ontario municipalities.”

Verge continued: “I would like to also acknowledge MPPs on all sides of the legislature who spoke both publicly and privately against the tax. Your work has helped protect affordable home ownership for future generations.”

“Finally, I’d like to thank the public who rallied with us to put a stop to the spread of this tax and to OREA’s 60,000 members for their feedback, dedication and commitment over the past weeks.” 

OREA led a five-week campaign called ‘Don’t Tax My Dream’ (donttaxmydream.ca) that saw Realtors and 32,000 members of the public voice their opposition to the spread of the municipal land transfer tax province-wide.

About OREA

The Ontario Real Estate Association represents 62,000 brokers and salespeople who are members of the 40 real estate boards throughout the province. OREA serves its REALTOR® members through a wide variety of professional publications, educational programs, advocacy, and other services. www.OREA.com. 


For more information contact:

Katarina Markovinovic-Praljak

Head of Communications & Media Relations

katarinam@orea.com


More News & Press Releases

articleimage

Statement From Tim Hudak, OREA CEO, on Ontario Housing Supply Action Plan

Thousands of young families will sit down at their kitchen tables today pouring over their finances, struggling to figure out how they can achieve what generation after generation before them has done – buy a home.

Read More
articleimage

Surplus and Underutilized Government Lands Key to Home Ownership

As Ontario’s lack of housing supply continues to push home ownership further out of reach for young families and first-time home buyers, provincial housing experts are urging the Ontario Government to leverage the nearly 6,000 public lands across the Greater Golden Horseshoe for housing development opportunities.

Read More
articleimage

OREA Statement on RECO/TICO Short-Term Rental Bulletins

Ontario REALTORS® help thousands of families every year have a memorable vacation by assisting with cottage, condo apartments and vacation homes short-term rentals. Vacationers who are looking for quality accommodations are well served when they work with a highly trained and professional REALTOR®.

Read More
Back to News & Press Releases
To MP Survey
OREA Contract