(Source: CNW Group)

The McGuinty government today gave third and final reading to Bill 150, the Green Energy Act, which, when implemented, will impose significant new costs on home sellers in Ontario. The new tax comes in the form of an energy audit fee that must be paid by home sellers prior to a
single family home being sold.

“Imposing more costs on single family homeowners in a time of recession is bad economic policy,” said Pauline Aunger, President of the Ontario Real Estate Association (OREA). “The real estate market is one of the main drivers of Ontario’s economy and we’re incredulous that the government would choose to impose new fees when they should be doing everything possible to stimulate a housing recovery in the province.”

Read the full article “McGuinty Government Targets Home Sellers with New Energy Tax” from CNW Group (May 14th 2009).

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