TWIRE S25 E45: Toronto’s New $3M Home Tax: Will It Break the Luxury Market?

Toronto has approved a new land transfer tax on homes selling over $3 million, but will it actually help housing affordability, or make things worse? In this episode, Rob Golfi sits down with Conrad Zurini and mortgage expert Brian Hogben to break down how the new tax could impact luxury buyers, sellers, and the broader real estate market. They discuss whether wealthy buyers will simply absorb the cost, move outside the city, or pass the pain down the chain and why areas like Oakville, Niagara, and Vaughan could be the real winners. If you care about where Toronto real estate is heading, this is a must-listen.