Matthew Lau: Toronto should ditch its land transfer tax
After turfing its left-wing mayor, Calgary is rolling back tax hikes. Toronto should, too, starting with its unfair land transfer tax
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In Calgary, the benefits of turfing a left-wing mayor, which voters did in October’s election, are already being felt: a 3.6 per cent property tax hike planned for 2026, which would have been on top of significant increases in previous years, has been reduced to 1.64 per cent.
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Compare this to Toronto, where in her first two years as mayor former NDP MP Olivia Chow whacked residents with a cumulative 17.1 per cent property tax hike and last week announced she will push taxes even higher in 2026. She said her tax hike would be at a reduced pace after the record increases of the past two years, but declined to say how much it would be. Wherever her tax hike lands, however, it will be in addition to an increased municipal land transfer tax on homes above $3 million.
In true NDP form, Chow claimed the land transfer tax hike on........
