Do I get the land transfer tax refund when I downsize?
By Natalia Halenda, Sales Representative, RE/MAX Jazz Inc., Brokerage. Updated
The short answer
No. The refund is only for first time buyers. On a $600,000 home the Ontario land transfer tax is $8,475, and Durham has no city land transfer tax on top.
From the guide: Downsizing in Durham: how to sell the family home and move to something smaller
More questions from this guide
General information, not legal, tax or mortgage advice. Rates, prices and rebate rules change often. Confirm the details with your real estate lawyer and a licensed mortgage professional before you make a decision.