EnviroTO
Senior Member
As far as I know first time home buyers won't pay a single penny more as the city intends to honour the same rebate process as the province uses for land transfer taxes.
Unlike the RSP first time home buyers plan the provincial rebate only applies to newly constructed buildings. If you are buying your first home and buy an existing unit then you are out of luck. In the GTA that translates to telling people to buy condos or live in the burbs.