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New Laws that Affect Buyers and Sellers

At the start of 2023, several new government policies impacting buyers and sellers came into effect. Here is a breakdown of three of the most noteworthy. Foreign Buyer Ban Non-Canadians are prohibited from purchasing residential properties, including detached and semi-detached…

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Toronto Residents Face Increased Fees in 2023

Toronto city council has approved the highest property tax increase for homeowners since the city’s six boroughs amalgamated in 1998. The 5.5% residential tax hike will amount to an additional $183 for the average Toronto household, says the City. However,…

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Seller’s Markets Still Exist Amid Housing Shift

Five Ontario cities are still experiencing a seller’s market despite rising interest rates, according to a new report by Canadian real estate website Zoocasa. Predominantly located in northwestern Ontario, they include Thunder Bay, Sault St. Marie, North Bay and Sudbury,…

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Top Residential Mortgage Trends Revealed

It is more difficult for potential borrowers to get qualified for loans subject to the stress test, as shown by declining ratios of mortgage loan approvals to applications in the first half of 2022. This is just one finding in…

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Home Heating and Electricity Costs to Surge

Homeowners and tenants of non-inclusive housing units can expect their heating and electricity bills to rise this winter, as Enbridge Gas has applied to the Ontario Energy Board (OEB) to raise natural gas rates once again. If the request is…

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Toronto’s Restaurant Scene Sees Stars

Toronto’s culinary scene has gotten a boost with the publication of the city’s first-ever Michelin Guide. Seventy-four dining establishments made the inaugural list, including one two-star restaurant, 12 one-star restaurants, 17 Bib Gourmand restaurants and 44 recommended restaurants. Selection of…

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