Fellow Torontonians Support REALTOR® Efforts Against Land Transfer Tax
TORONTO, September 19, 2007 -- With both the Citys Budget Committee meeting
and the provincial party leaders first debate being held tomorrow, REALTORS®,
who are also proud Torontonians, are encouraged that a strong majority of their
fellow Torontonians are opposed to a second land transfer tax and are calling
for fair options to deal with the Citys financial situation.
The public knows that new taxes or cuts to core services are not the
only options for dealing with the Citys budget shortfall. They have sent
more than 4,000 emails to politicians through our website www.NoHomeBuyingTax.com;
more than 1,000 in the past week alone, said Maureen ONeill, President
of the Toronto Real Estate Board (TREB). Poll after poll shows the public
is outraged that the Mayor is still pushing for a 100 per cent increase to land
transfer taxes. They expect the City to focus on core services, identify sensible
savings and work with provincial politicians for fair solutions.
REALTORS® are encouraged by Torontonians strong support of TREBs views on this issue. The Mayor said he has heard from REALTORS® and he now wants to hear from real Torontonians. REALTORS® are real Torontonians who live and work in Toronto, pay taxes and play a significant role in one of the most important facets of the Citys economy. Their views should not be discounted, added ONeill.
Moreover, the overwhelming majority of emails against the land transfer
tax are from non-REALTORS®. The obligation of a Mayor and Council is to represent
all of the people. Their duty is to unite a City, not divide it.
REALTORS® believe that a fair approach to addressing Torontos financial
situation includes an impartial thirdparty review of the Citys finances,
to prioritize core services and provide a second opinion on where savings can
Sometimes its easier to find solutions with a fresh set of eyes.
The City should welcome an outside review of its finances to look for innovative
options. In the meantime, the City should accelerate the process started by the
Deputy City Manager last June, to define the Citys core services so that
appropriate spending decisions can be made, said ONeill.
The public is also demanding fair and immediate provincial commitments as part
of the solution to Torontos financial situation.
Emails that the public is sending through www.NoHomeBuyingTax.com are
not only being directed to the Mayor and City Councillors, they are also being
sent to the Premier, Mr. Tory, Mr. Hampton, and other key provincial politicians,
ONeill noted. The public knows that a fair solution includes provincial
action and they are expecting strong commitments from the party leaders.
REALTORS® plan to continue opposing the proposed 100 per cent increase to land transfer taxes in Toronto.
Toronto REALTORS® are passionate about their work. They adhere to a strict
code of ethics and share a state-of-the-art Multiple Listing Service. Serving
more than 26,000 Members in the Greater Toronto Area, the Toronto Real Estate
Board is Canadas largest real estate board. Greater Toronto Area open house
listings are available on www.TorontoRealEstateBoard.com.
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