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Toronto Raises Mansion Land Transfer Tax
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Created December 19, 2025About this video
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Toronto just made buying a mansion way more painful for your wallet. City Council officially
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voted to hike the land transfer tax on any home sold for over three million dollars.
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Mayor Chow says if you can afford luxury, you need to pay up to help the city.
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The tax now scales all the way to nearly nine percent for the ultra-wealthy. Real estate agents
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tried to stop it, but the rich are officially paying more.
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