Ontario Premier Doug Ford says he won’t step in and overrule Mayor Olivia Chow’s plan to increase Toronto’s land transfer tax for multimillion-dollar homes after the local real estate board criticized the plan.

On Tuesday morning, the Toronto Regional Real Estate Board wrote to Ford asking him to step in to block the tax plan, which Chow announced as part of the city’s upcoming budget.

“On top of some of the highest development charges in Canada, (municipal land transfer tax) increases have helped make Toronto one of the most heavily taxed housing markets in North America,” the board wrote in its letter.

The complaint came after Chow announced she would incrementally increase the land transfer tax on Toronto’s most expensive properties, valued at $3 million or above.

Her office hop

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