Another municipal land transfer tax Increase for properties purchased at over $3M. On April 1, 2026 the buyers of residential properties in Toronto valued at over $3M will be faced with increased land transfer tax. As of January 1, 2024, the City of Toronto introduced initial increase of the land transfer tax for luxury properties. The second tax increase will work on a graduated scale as follows: Homes valued between $3 million and $4 million would see a 0.9 per cent change... [read more]