Starting January 1st, 2017 first time homebuyers will receive a break on the Land Transfer Tax on their first home purchase.   In an effort to help first-time homebuyers—but not hurt the equilibrium of housing markets outside of Toronto—the Ontario Liberal government announced last fall that they will double the first-time homebuyers’ maximum Land Transfer Tax refund to $4,000.  This will mean that eligible homebuyers in Ontario would pay no Land Transfer... [read more]