Toronto Real Estate Board

Toronto Real Estate Board

October 16, 2007 09:19 ET

Toronto Councillors to Present Land Transfer Tax Views to REALTORS®

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2007) - With just four days before Toronto City Council's unprecedented land transfer tax vote, City Councillors will be speaking directly to REALTORS® about this issue at the Toronto Real Estate Board's Annual General Meeting on October 18 (details provided below).

"REALTORS® support fair solutions to the City's financial challenges. A doubling of the land transfer tax is simply not fair," said Maureen O'Neill, President of the Toronto Real Estate Board (TREB). "Mayor Miller's plan would force less than five per cent of the City's residents, home buyers, to shoulder over 70 per cent of the City's budget shortfall. There is nothing fair about that. We look forward to hearing City Councillors' views on this at our AGM on October 18".

The key note session of TREB's AGM will focus on the City of Toronto's proposed second land transfer tax. The session will include a panel of City Councillors moderated by Linda Leatherdale, Money Editor for the Toronto Sun and Host of Money Line TV Show. The panel, which will take video questions from TREB Members, will include Councillor Denzil Minnan-Wong, Councillor Mike Feldman, Councillor Mike Del Grande, Councillor Case Ootes and Councillor Michael Thompson. Prior to the panel, Councillor Minnan-Wong will address TREB Members. Over 1,000 TREB REALTOR® Members are expected to attend.

"With our AGM just four days before City Council's unprecedented vote, REALTORS® will be rallying together to send a strong message to City Council that a land transfer tax is not fair," said O'Neill.

Event Details:

Date: October 18, 2007

Time: 11:00 a.m. (approximately one hour duration)

What: Toronto Real Estate Board Annual General Meeting - Key Note

Who: Councillor Mike Feldman (panelist)
Councillor Mike Del Grande (panelist)
Councillor Denzil Minnan-Wong (keynote address and panelist)
Councillor Case Ootes (panelist)
Councillor Michael Thompson (panelist)
Linda Leatherdale, Money Editor, the Toronto Sun and Host of
Money Line TV Show (Panel Moderator)

Location: Toronto Congress Centre
650 Dixon Road (west of Martin Grove Road)

Media is welcome. Councillors and TREB spokesperson will be available for comments to media immediately following the session.

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