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Sand in the Gears: Evaluating the Effects of Toronto's Land Transfer Tax

Benjamin Dachis (), Gilles Duranton () and Matthew Turner ()

C.D. Howe Institute Commentary, 2008, issue 277

Abstract: The Toronto Land Transfer Tax, implemented nearly a year ago, has had significant negative effects on the housing market, reducing sales and lowering average house prices.

Keywords: fiscal policy; Toronto municipal government; Toronto real estate (search for similar items in EconPapers)
JEL-codes: R51 H71 (search for similar items in EconPapers)
Date: 2008
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