TREB: 68% of GTA residents support repealing the Land Transfer Tax! rafi June 12, 2018 June 12, 2018 No Comments on TREB: 68% of GTA residents support repealing the Land Transfer Tax! Treb: Market Watch – May 2018. 22% Less sales than last year. Many people are “overhoused” in Ontario. – Over 5 Million extra bedrooms – Moving is too expensive due to land transfer tax. Prices are down 5.4% year over year.