Ontario $12,000 Land Tax DESTROYS Homeowners – People Going BROKE! скачать в хорошем качестве

Ontario $12,000 Land Tax DESTROYS Homeowners – People Going BROKE!

Ontario $12,000 Land Tax DESTROYS Homeowners – People Going BROKE! Ontario's land transfer tax is silently destroying homebuyers — and most people don't find out until closing day. On an $800,000 home you owe nearly $12,500 in cash before you get the keys. In Toronto, where the city doubles it with its own municipal tax, a $1M home triggers a $33,000 bill. The brackets haven't been updated since 1997. House prices have tripled. The bills exploded. And the government never had to cast a single vote to make it happen. In this video we break down exactly how Ontario's land transfer tax works, why it keeps growing in silence, how it is locking up housing supply across the entire province, and what the economic research says about one of the most destructive taxes in Canadian real estate. Subscribe 🔔 for weekly Canadian housing and economic breakdowns. SOURCES: 1. Ontario Government – Land Transfer Tax official rates and calculation https://www.ontario.ca/document/land-... 2. City of Toronto – Municipal Land Transfer Tax rates and fees (updated Dec 2025) https://www.toronto.ca/services-payme... 3. Ratehub dot ca – Ontario Land Transfer Tax rates and calculator 2026 https://www.ratehub.ca/land-transfer-... 4. Ratehub dot ca – Toronto Land Transfer Tax rates and calculator https://www.ratehub.ca/land-transfer-... 5. Toronto Regional Real Estate Board (TRREB) – Statement on Toronto MLTT increase, Dec 2025 https://trreb.ca/statement-from-trreb... 6. TRREB / Ipsos Poll – Toronto residents say land transfer tax fuels affordability crisis, Dec 2025 https://trreb.ca/toronto-residents-sa... 7. CP24 – Toronto council approves land transfer tax hike for luxury homes, Dec 2025 https://www.cp24.com/politics/toronto... 8. BNN Bloomberg – Calls for tax breaks for seniors looking to downsize, June 2025 https://www.bnnbloomberg.ca/business/... 9. C.D. Howe Institute – Stuck in Place: The Effect of Land Transfer Taxes on Housing Transactions https://cdhowe.org/wp-content/uploads... 10. The Review of Economic Studies (Oxford Academic) – To Own or to Rent? The Effects of Transaction Taxes on Housing Markets, 2025 https://academic.oup.com/restud/advan... 11. Ontario Real Estate Association (OREA) – 2025 Housing Report Card https://www.orea.com/2025reportcard 12. Ratehub dot ca – Land Transfer Tax comparison across Canadian provinces https://www.ratehub.ca/land-transfer-tax #canadaeconomy #canadahousingmarket #ontario #canadanews