Did You Know About Land Transfer Tax Rebates?

Did you know that first time home buyers of new and re-sale homes are eligible to receive rebates of the provincial and Toronto land transfer taxes?   The maximum provincial land transfer tax (LTT) rebate for first-time buyers is $2,000 and the maximum Toronto LTT rebate for first time buyers is $3,725. A FULL rebate of the Toronto land transfer tax is also available for all buyers who entered into Agreements of Purchase and Sale prior to December 31, 2007.

For more information visit: http://www.torontorealestateboard.com/consumer_info/gov_programs/ltt.htm