Fellow Torontonians Support REALTOR(R) Efforts Against Land Transfer Tax



    TORONTO, Sept. 19 /CNW/ - With both the City's Budget Committee meeting
and the provincial party leaders' first debate being held tomorrow,
REALTORS(R), who are also proud Torontonians, are encouraged that a strong
majority of their fellow Torontonians are opposed to a second land transfer
tax and are calling for fair options to deal with the City's financial
situation.
    "The public knows that new taxes or cuts to core services are not the
only options for dealing with the City's budget shortfall. They have sent more
than 4,000 emails to politicians through our website www.NoHomeBuyingTax.com;
more than 1,000 in the past week alone," said Maureen O'Neill, President of
the Toronto Real Estate Board (TREB). "Poll after poll shows the public is
outraged that the Mayor is still pushing for a 100 per cent increase to land
transfer taxes. They expect the City to focus on core services, identify
sensible savings and work with provincial politicians for fair solutions."
    REALTORS(R) are encouraged by Torontonians' strong support of TREB's
views on this issue.
    "The Mayor said he has heard from REALTORS(R) and he now wants to hear
from real Torontonians. REALTORS(R) are real Torontonians who live and work in
Toronto, pay taxes and play a significant role in one of the most important
facets of the City's economy. Their views should not be discounted," added
O'Neill. "Moreover, the overwhelming majority of emails against the land
transfer tax are from non-REALTORS(R). The obligation of a Mayor and Council
is to represent all of the people. Their duty is to unite a City, not divide
it."
    REALTORS(R) believe that a fair approach to addressing Toronto's
financial situation includes an impartial third-party review of the City's
finances, to prioritize core services and provide a second opinion on where
savings can be found.
    "Sometimes it's easier to find solutions with a fresh set of eyes. The
City should welcome an outside review of its finances to look for innovative
options. In the meantime, the City should accelerate the process started by
the Deputy City Manager last June, to define the City's core services so that
appropriate spending decisions can be made," said O'Neill.
    The public is also demanding fair and immediate provincial commitments as
part of the solution to Toronto's financial situation.
    "Emails that the public is sending through www.NoHomeBuyingTax.com are
not only being directed to the Mayor and City Councillors, they are also being
sent to the Premier, Mr. Tory, Mr. Hampton, and other key provincial
politicians", O'Neill noted. "The public knows that a fair solution includes
provincial action and they are expecting strong commitments from the party
leaders."
    REALTORS(R) plan to continue opposing the proposed 100 per cent increase
to land transfer taxes in Toronto.

    Toronto REALTORS(R) are passionate about their work. They adhere to a
strict code of ethics and share a state-of-the-art Multiple Listing Service.
Serving more than 26,000 Members in the Greater Toronto Area, the Toronto Real
Estate Board is Canada's largest real estate board. Greater Toronto Area open
house listings are available on www.TorontoRealEstateBoard.com.





For further information:

For further information: For All Media, Public Inquiries: Mary
Gallagher, Manager, Media Relations, Toronto Real Estate Board, Office: (416)
443-8158, Cell: (416) 419-8133, Email:maryg@trebnet.com

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TORONTO REAL ESTATE BOARD

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