The provincial government is backing out of a plan that could have made buying a home in Chatham-Kent more expensive.
The Liberals were considering giving municipalities outside of Toronto the power to charge a new land transfer tax, but they have now called that off.
Steve Carroll with the local realtors association says that's good news for a wide range of people in the area.
"It's good for buyers and sellers, but also good for anyone involved in renovations," says Carroll. "A lot of times when people buy a home, they do a number of renovations and buy new appliances -- it certainly would have affected those types of sales and those types of jobs also."
Carroll previously warned that if the tax was approved and implemented in Chatham-Kent, home buyers would have be forced to hand over an average of $1,400 in additional land transfer taxes.
