A Taxing Issue
October 30, 2009
-- If you are at all interested in Toronto politics, you have likely heard that Toronto Mayor David Miller has announced that he will not seek re-election next year. Only time will tell how history will view Mayor Miller’s leadership, but one thing is indisputable: Mayor Miller ushered in some very significant changes to how the City operates, not the least of which was the introduction of a City land transfer tax, which has been shown to have had a negative impact on the real estate market and the City’s economy. With this in mind, REALTORS® are calling on any candidates that run to replace Mayor Miller next year to make serious commitments to roll back this unfair tax once elected.
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