How can one continue to support a candidate that does not follow through on his promise?? Mayor Ford's main campaign platform was to repeal the Toronto Land Transfer Tax. He actually stated that this was going to be one of the first things he was going to do once elected. We're still waiting.
Did you know that the average homeowner pays $11000 in Land Transfer Taxes and over $5000 of that is for the Toronto Land Transfer Tax??
There are a multitude of reasons why this tax should be repealed, one being that it is not a reliable source of income for the city as it is reliant upon the number of sales that happen. If the number of sales decreased, so does this revenue stream. Secondly, why are a select group paying the price for something that everyone benefits from? Why ared broad based benefits being paid for by a select group of people?? If everyone benefits, everyone should pay.
As a Toronto realtor, most of my clients are affected by this tax, and frankly, I want it gone.
To take action and have your voice heard, go to http://www.letsgetthisrighttoronto.ca/