Wednesday, January 20, 2010

Taxes matter

The City of Toronto has a property transfer tax.

An individual today called and asked what are the costs to buy a Toronto condo. I explained the Toronto tax would add $3,000.

She is now looking outside Toronto.

1 comment:

Stephen Downes said...

Well maybe that will put some limit on the real estate speculation that has been driving up prices.

Taxes matter - and sometimes they work.