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Olivia Chow Offers Higher Taxes for Luxury House Buyers in Toronto

Summary by Milenio Stadium
Photo: @copyright The chairman of camera Olivia Chow wants the Torontoians who can buy houses over $3 million pay more taxes on land transfer in 2026 – “I propose that 2% of the richest real estate buyers, only 0.5% of the residents of Toronto, contribute a little more, so that we can invest in the services that families depend on.” The changes proposed by Chow provide for an increase in the so-called mortgage tax rate for houses purchased betwe…
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Photo: @copyright The chairman of camera Olivia Chow wants the Torontoians who can buy houses over $3 million pay more taxes on land transfer in 2026 – “I propose that 2% of the richest real estate buyers, only 0.5% of the residents of Toronto, contribute a little more, so that we can invest in the services that families depend on.” The changes proposed by Chow provide for an increase in the so-called mortgage tax rate for houses purchased betwe…

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Milenio Stadium broke the news in on Friday, December 5, 2025.
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