Sidewalk Labs offered to invest billions to build transit and essentially lay the groundwork for future development in the Port Lands area in Toronto. All they wanted in exchange was...a cut of property taxes and development fees.
While the affordability of local real estate, property tax, and neighbourhood amenities are obvious considerations, there’s one oft-overlooked factor that can add thousands of dollars to your closing costs: land transfer tax.
Industry leaders are calling on the Ford government to take action to implement solutions to make it easier and more efficient to bring much-needed housing supply to market. The goal is to improve housing affordability specifically for millennials.