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Sand in the Gears: Evaluating the Effects of Toronto's Land Transfer Tax

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Author Info
Benjamin Dachis (C.D. Howe Institute)
Gilles Duranton (University of Toronto)
Matthew A. Turner (University of Toronto)

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Abstract

The Toronto Land Transfer Tax, implemented nearly a year ago, has had significant negative effects on the housing market, reducing sales and lowering average house prices.

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Publisher Info
Article provided by C.D. Howe Institute in its journal C.D. Howe Institute Commentary.

Volume (Year): (2008)
Issue (Month): 277 (December)
Pages:
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Handle: RePEc:cdh:commen:277

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Related research
Keywords: fiscal policy; Toronto municipal government; Toronto real estate;

Find related papers by JEL classification:
R51 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Dahlby, Bev & Wilson, Leonard S., 2003. "Vertical fiscal externalities in a federation," Journal of Public Economics, Elsevier, vol. 87(5-6), pages 917-930, May. [Downloadable!] (restricted)
  2. Jos Van Ommeren & Michiel van Leuvensteijn, 2003. "New evidence of the effect of transaction costs on residential mobility," ERSA conference papers ersa03p7, European Regional Science Association. [Downloadable!]
    Other versions:
  3. Benjamin, John D & Coulson, N Edward & Yang, Shiawee X, 1993. "Real Estate Transfer Taxes and Property Values: The Philadelphia Story," The Journal of Real Estate Finance and Economics, Springer, vol. 7(2), pages 151-57, September.
  4. O'Sullivan Arthur & Sexton Terri A. & Sheffrin Steven M., 1995. "Property Taxes, Mobility, and Home Ownership," Journal of Urban Economics, Elsevier, vol. 37(1), pages 107-129, January. [Downloadable!] (restricted)
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This page was last updated on 2009-11-17.

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