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My Agreement of Purchase & Sale was entered after December 31, 2007 and my closing date is after February 1, 2008. Do I have to pay the MLTT?

Agreement closing december 31 2007 february 1 2008 purchase sale
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My Agreement of Purchase & Sale was entered after December 31, 2007 and my closing date is after February 1, 2008. Do I have to pay the MLTT?

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Yes. The MLTT comes into effect for properties with closing dates on or after February 1, 2008. However, you may qualify for a first-time home purchaser rebate.

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