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toronto-city-council-approves-land-transfer-tax-increase-for-‘luxury’-homes
Toronto City Council Approves Land Transfer Tax Increase for ‘Luxury’ Homes

Toronto City Council Approves Land Transfer Tax Increase for ‘Luxury’ Homes

Last updated: December 19, 2025 7:47 am
By Olivia Gomm
0 Min Read
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Toronto City Council Approves Land Transfer Tax Increase for ‘Luxury’ Homes

Toronto Mayor Olivia Chow speaks to media at Toronto City Hall on July 12, 2023. The Canadian Press/Tijana Martin

Toronto city council has approved Mayor Olivia Chow’s proposal to hike land transfer taxes on the purchase of “luxury” homes worth $3 million or more.

Chow’s motion passed with a vote of 17–7 on Dec. 17.

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