WINNIPEG 鈥� Manitoba's Progressive Conservatives are promising to eliminate the land transfer tax for first-time homebuyers in the province if re-elected Oct. 3.聽
Rochelle Squires, who is the Tory incumbent for the Winnipeg constituency of Riel, made the promise on the second day of the election campaign. 聽
Squires says eliminating the tax for first-time homebuyers amounts to about $5,700 for an average single-family home in Winnipeg.聽
She adds that cutting the tax would allow Manitobans the chance to put the money toward other expenses, including a down payment.聽
The Tories estimate the land transfer tax brings in roughly $130 million to $140 million each year, with $35 million to $40 million coming from first-time homebuyers.聽
Squires says if the Progressive Conservatives are re-elected, they hope to cut the tax as soon as the party takes office.聽
This report by The Canadian Press was first published Sept. 6, 2023.聽
The Canadian Press
