The new blended sales tax is about to hit the Toronto Real Estate Market with taxes on services that were exempt like the Realtor fees, closing costs, legal services, title insurance and home inspections.

Toronto's housing market will feel the results from this additional tax more, as homes in the city are higher than elsewhere in Ontario..

The Toronto Real Estate Board is shocked because they are still trying to cope with the Toronto Land Transfer Tax that doubled the Tax on closing.

This new harmonized Tax will affect the Toronto Real Estate Market in a negative once again from additional taxes on Toronto and Ontario consumers.