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okay then, rbt was saying these taxes were proportional to the benefit of the real estate market, which is not true.

Therefore the services coming back to the home purchaser according to taxes payed is not proportional at all. A large part of the burden is being placed on them which is unfair. And also any money smart person would realize that 1-2% of a small amount may not be a lot, but 1-2% of a home...

Correct, and you must also be right in your assumption that most of the population of Toronto are filthy rich and not the opposite. Seriously, let's be a bit realistic and less exaggerative. I know it won't drive everyone away, but it will probably drive many with families who are slightly...

What exactly are these many improved services city hall will provide to the home purchaser? Do you mean this new tax will now make municipal services more efficient in charging taxes? We have home inspectors and people who give permits to allow new developments who already charge money for...

I'm not a flipper, but I'm sure it would hurt them. You're right it is a risky business, nevertheless that 1.5% would add up and be costly for high volume flippers and developers. And for the regular home purchaser, yes you can say that new tax is not a lot, but the problem is there is...

Not to short-term flippers, to them it's probably a fairly decent chunk of change.

What? This would hurt real-estate flippers the most of all people. They want a hot market. They would be the opposite of very happy about this new tax. The negatives of this tax to them would far outweigh any hypothetical benefits they recieve from improved municipal services.