LORINC: Mayor begins to reveal her election cards
Olivia Chow's new 'luxury tax' is a silly political distraction with little financial upside for the city
By John LorincI’m not especially interested in carrying the beer (or wine) for a bunch of people who can buy super expensive homes. But Mayor Olivia Chow’s proposal to hike the municipal land transfer tax, which lands at her executive committee next week, is forcing a certain type of ugly politics onto the city, with little to show financially, thus begging the question: why bother? Chow yesterday released a motion proposing to hike MLTT rates on homes with a sale price of over $3 million... Read more
