Ontario first-time buyers catch a break with Land Transfer Tax rebate

As of January 1, Ontario’s first-time home buyers are eligible to receive a $4,000 land transfer tax rebate, an increase of $2,000. In cities where the average price of a home is $368,000 or less, the new rebate exempts buyers from paying the tax altogether. Today, Minister of Agriculture, Food & Rural Affairs, Minister of Small Business, and MPP for Peterborough, the Honourable Jeff Leal and President of the Peterborough and the Kawarthas Association of REALTORS® (PKAR) Dianne Tully gathered at the Peterborough real estate office to promote the new rebate, which protects their local home buyers from paying any tax on their first home.

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https://www.orea.com/About/News-and-Press-Releases/Press-Releases/January-17-2017

Please note: The content above and the title are courtesy of the OREA website.

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