New Eligible amount for Land Transfer Tax Rebate!

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New Eligible amount for Land Transfer Tax Rebate!

Good news to all of you first time home buyers! Effective January 1, 2017, The Land Transfer Tax Rebate for first time homebuyers has increased from $2,000.00 to $4,000.00.

The Land Transfer Tax (“LTT”)rates for commercial real property transactions will increase from 1.5 per cent to 2 per cent for the portion of the value of consideration given for the property that exceeds $400,000. This does not apply to single family residential homes. The rate for ALL homes over $2,000,000.00 has increased to 2.5%.

2017-04-26T13:15:29+00:00 January 9th, 2017|Announcements|
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