BIG NEWS! Toronto Luxury Home Tax kicks in Jan 1, 2024. -...

What this episode covers

Breaking News via http://RealEstateWealthReport.com. "At a special meeting, city council passed measures to increase municipal land transfer tax rates for homes valued at $3 million or higher and to remove the cap on $5/hour street parking. The land transfer tax increase for luxury homes is set to take effect Jan. 1, 2024." This is in addition to both the Ontario and Toronto land transfer taxes. 3.5% tax for homes $3 million up to $4 million 4.5 % tax for homes $4 million up to $5 million 5.5% tax for homes $5 million up to $10 million 6.5% tax for homes $10 million up to $20 million 7.5% tax for homes more than $20 million #TorontoRealEstate #LuxuryRealEstate #TorontoHomes #TorontoCondos #TorontoloftsBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-podcast-show--6907081/support.PS Sign up here for the newsletter that 1000s across Toronto GTA receive each week.

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Frequently Asked Questions

How long is this episode of Real Estate Podcast Show?

This episode is 9 minutes long.

When was this Real Estate Podcast Show episode published?

This episode was published on September 7, 2023.

What is this episode about?

Breaking News via http://RealEstateWealthReport.com. "At a special meeting, city council passed measures to increase municipal land transfer tax rates for homes valued at $3 million or higher and to remove the cap on $5/hour street parking. The...

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