With great pleasure, I’d like to inform you that this morning, Ted McMeekin, the Minister of Municipal Affairs and Housing, informed the legislature that the government will NOT give municipalities the ability to charge a municipal land transfer tax (MLTT). It is one of the biggest government relations wins in OREA’s history. Well done everyone!
To read more about this amazing victory, read this article on the National Post.
This will help to ensure that Ottawa maintains a successful and stable real estate market.