Luxury homes tax

Olivia Chow will ask the wealthiest to chip in more through a luxury homes tax. She will raise the Municipal Land Transfer Tax on luxury homes, with new graduated rates on purchases of homes valued at over $3 million. She'll use the money to support people experiencing homelessness and help people stay housed.

This new luxury homes tax takes place on less than 2% of home sales each year and allows the city to help make sure thousands more have a place to call home.

Read more about her plan here.

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