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How COVID-19 will Affect Toronto Home Prices

Restrictive measures on personal movement will impact how quickly Toronto’s real estate market will roar back to life. If loosened and business activity resumes by the end of June, the Greater Toronto Area (GTA) may see a year-over-year increase of…

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12 Ways Real Estate has Changed with COVID-19

Business has been anything but usual since the Ontario government deemed real estate an essential service amid the COVID-19 outbreak. While the decision brought a collective sigh of relief from the industry as it ensured buyers and sellers with a…

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What’s Coming Down the Pipe for Kitec

The deadline to file a claim to receive money from the Kitec class action settlement has passed, but owners of property that contain the defective plumbing products are encouraged to still seek compensation. January 9 marked the last day to…

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Land Transfer Tax Relief

Councillors Push for Land Transfer Tax Relief

Two Toronto councillors want to see an increase in the municipal land transfer tax rebate for first-time homebuyers. Mark Grimes (Ward 3 Etobicoke-Lakeshore) and Brad Bradford (Ward 19 Beaches-East York) tabled the motion in January. The pair have asked city staff to…

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Ontario Revamping Real Estate Industry Rules

The Ontario government is revising the province’s real estate laws, which, if passed, will impact home buyers and sellers. The proposed legislation, known as the Trust in Real Estate Services Act, aims to raise professional standards and improve protections and…

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Major Property Tax Hike Likely on the Way

Toronto Mayor John Tory’s plan to significantly increase property taxes cleared a major hurdle last week, when his executive committee unanimously approved the proposed hike. If passed by city council Dec. 17, home and business owners’ tax bill will be…

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What Toronto’s Short-Term Rental Rules Mean

Toronto's short-term rental regulations are now in force after an appeal against them was dismissed. The ruling by the Local Planning Appeal Tribunal Nov. 18, upholds the adoption of zoning bylaw amendments for short-term rentals by city council in December 2017. A short-term rental…

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Election 2019: Main Parties’ Housing Platforms

It’s almost time to cast your ballot in Canada’s federal election, Oct. 21, if you haven’t done so already through advance polling. Affordable housing has become a hot-button issue, particularly among Torontonians who feel locked out of the real estate…

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