The entire country has seen home prices fall dramatically over the past year since the Bank of Canada started its aggressive hike of interest rates. Ontario has experienced some of the largest price drops, though there is great variability across…
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…
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,…
The federal government is now offering a tax credit to those who wish to add a secondary suite to their homes for the purposes of allowing an immediate or extended family member to live with them. The multi-generational home renovation tax credit took…
Homeowners in Toronto have until Feb. 28 to submit a declaration of their property’s 2022 occupancy status. If the owner deems the property vacant or fails to complete the declaration, a tax of 1% of the home’s current assessed market…
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,…
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…
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…
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…
More than two-thirds of Canadian buyers are willing to make at least one sacrifice to purchase a home they can afford, according to a new report conducted by market research firm Leger. The most common concession is relocation, as identified…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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