Great they reduced land transfer tax exemption for First Time Buyers from $2,000 to $4,000. For every dollar over and above that, the rate will rise from 2 per cent to 2.5 per cent. But the tax on the portion of the purchase price between $400,000 and $2 million will remain at 2 per cent.
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Big House buyers pay more!
http://DavidPylyp.com https://www.thestar.com/news/queenspark/2016/11/14/first-time-home-buyers-to-get-4000-land-transfer-rebate.html
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