TRREB Calls for Property Tax Review

TRREB backs stable property taxes over Municipal Land Transfer Tax for a fairer and more reliable revenue source.
This shift stems from MLTT issues:
Ineffectiveness for First-Time Buyers
Impact on Housing Market
Unpredictability
Councillors propose a $750K rebate to address MLTT inefficiency, but due to its unpredictability, it cannot be a long-term solution.