MLTT Updates in RealtiWeb Ontario

Calculations updated in RealtiWeb for Toronto's new MLTT rates effective March 1, 2017. 

Toronto has changed its Metro Land Transfer Tax (MLTT) to harmonize rates with Ontario's Land Transfer tax.

In addition to the MLTT rate changes, Toronto proposed to amend the first-time homebuyer rebate program eligibility rules to make them consistent with the current Ontario Land Transfer Tax (LTT) rules by restricting rebate eligibility to Canadian citizens or permanent residents of Canada. More information from the City of Toronto here. 

This impacts all transactions with a closing date on, or after, March 1, 2017. RealtiWeb has been updated to reflect these new rates. 

If you have any questions, please don't hesitate to contact our support desk at 1-800-363-2253 or support@ldd.ca at any time.