Tax advantages driving exodus from Canada's priciest housing markets
2/6/2024 | Posted in Canada Living by Jessi Sandhu
A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ...
More
Toronto Transfer Tax Hike Proposal On $3M Homes
3/25/2019 | Posted in Toronto Real Estate by Jessi Sandhu
A new proposal from a trio of councillors would expand city housing allowances to struggling households, paid for by new land transfer tax tier on homes worth $3 million and up. ...
More
Real estate slowdown to cost Toronto nearly $100-million
12/12/2018 | Posted in Toronto News by Jessi Sandhu
The City of Toronto's budget-balancing golden goose — the land transfer tax — is sick. For the first time since the tax on real estate exchanges was introduced in ...
More
Taxes Paid When Buying A Home Are Unbelievably Unequal Across Canada
7/8/2018 | Posted in Canadian Housing Market by Jessi Sandhu
Home Buyers in the priciest markets - Toronto and Vancouver - also face the highest land transfer tax rates. ...
More
Proposed land transfer tax too much to bear, says OREA
6/6/2018 | Posted in Home Buyers by Jessi Sandhu
York Region municipal councillors have proposed a municipal land transfer tax, but the CEO of the Ontario Real Estate Association is imploring them to consider the ...
More
Cool Toronto's market by cutting tax - not raising it
4/12/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether? ...
More
Toronto realtors predict another price surge in 2017
2/1/2017 | Posted in Toronto Real Estate by Jessi Sandhu
Toronto’s housing market is in for another red-hot year, the area’s real estate board said in a new forecast. ...
More
First-time buyers get GTA land tax reprieve
1/27/2017 | Posted in Toronto Real Estate by Jessi Sandhu
The City of Toronto is not increasing the Land Transfer Tax for first-time buyers which could have added as much as $4,475 to the cost of buying a home. ...
More
Increased Home Buyer Tax Will Put Home Ownership Further out of Reach for Young Families
12/2/2016 | Posted in Toronto Real Estate by Jessi Sandhu
First-time home buyers will pay more tax on an average priced Toronto home if City Council approves changes to the Toronto Land Transfer Tax (LTT). The City of Toronto's ...
More
11/28/2016 | Posted in Toronto Real Estate by Jessi Sandhu
Proposed changes to the Land Transfer Tax in Toronto have been criticized by the Toronto Real Estate Board for their impact on first-time buyers. ...
More
Ontario helping first-time homebuyers
11/14/2016 | Posted in Ontario Real Estate by Jessi Sandhu
Ontario is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000, but is increasing the same tax on homes that sell for over $2 million. ...
More
Land transfer tax to be extended across Ontario
10/27/2015 | Posted in Real Estate News by Jessi Sandhu
Ontario realtors say the government is moving ahead with a plan that will allow municipalities across the province to follow Toronto’s lead and implement their own land ...
More
At Your Service
Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and 'll get back to you promptly.