GTA Residents Oppose Municipal Land Transfer Taxes
Toronto, ON, September 18, 2018 — Torontonians continue to advocate for a reduction or a complete repeal of Toronto’s Municipal Land Transfer Tax (MLTT), according to a new Ipsos poll conducted on behalf of the Toronto Real Estate Board. Specifically:
- Eight in ten (79%) support (39% strongly/40% somewhat) reducing Toronto’s Municipal Land Transfer Tax, while two in ten (21%) oppose (5% strongly/16% somewhat) its reduction.
- Seven in ten (70%) support (31% strongly/39% somewhat) repealing Toronto’s MLTT, while three in ten (30%) oppose (10% strongly/20% somewhat) repealing the tax all together.
In the Toronto, home buyers are required to pay a provincial land transfer tax, which costs the average home buyer nearly $14000, payable in full on closing. In the City of Toronto, a municipal land transfer tax, which costs the average home buyer almost $14000, payable in full on closing, is levied in addition to the provincial land transfer tax.
Some have argued for the introduction of a municipal land transfer tax in other cities within the GTA, given that Toronto is the only municipality that has an MLTT, but the poll results show that residents are decidedly against this idea. Three quarters (75%) of 905 residents oppose (48% strongly/27% somewhat) the introduction of a MLTT in their municipality, while one quarter (25%) supports (7% strongly/19% somewhat) it. Those in Durham region (83%) are most opposed to the introduction of a MLTT, followed by residents of Peel (74%), Halton (74%) and York (72%) regions.
About the Study
These are some of the findings of an Ipsos poll conducted between August 20 and 23, 2018, on behalf of BILD and TREB. For this survey, a sample of 1503 adults living in the GTA was polled. Weighting was then employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.9 percentage points, 19 times out of 20, had all GTA residents been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.
For more information on this news release, please contact:
Sean Simpson
Vice President, Ipsos Public Affairs
+1 416 324-2002
About Ipsos Public Affairs
Ipsos Public Affairs is a non-partisan, objective, survey-based research practice made up of seasoned professionals. We conduct strategic research initiatives for a diverse number of Canadian American and international organizations, based not only on public opinion research, but elite stakeholder, corporate, and media opinion research.
Ipsos has media partnerships with the most prestigious news organizations around the world. In Canada, Ipsos Public Affairs is the polling partner for Global News. Internationally, Ipsos Public Affairs is the media polling supplier to Reuters News, the world's leading source of intelligent information for businesses and professionals. Ipsos Public Affairs is a member of the Ipsos Group, a leading global survey-based market research company. We provide boutique-style customer service and work closely with our clients, while also undertaking global research.
About Ipsos
Ipsos is an independent market research company controlled and managed by research professionals. Founded in France in 1975, Ipsos has grown into a worldwide research group with a strong presence in all key markets. Ipsos ranks fourth in the global research industry.
With offices in 88 countries, Ipsos delivers insightful expertise across five research specializations: brand, advertising and media; customer loyalty; marketing; public affairs research; and survey management.
Ipsos researchers assess market potential and interpret market trends. They develop and build brands. They help clients build long-term relationships with their customers. They test advertising and study audience responses to various media and they measure public opinion around the globe.
Ipsos has been listed on the Paris Stock Exchange since 1999 and generated global revenues of €1,782.7 million in 2016.
