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December 2021 Real Estate Market Update

December marked the end of a strong seller’s market year in the Greater Toronto Area (GTA), with demand consistently outstripping supply. Prices reached an all-time high average selling price of $1,095,475 — an increase of 17.8% compared to the previous…

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How to Prevent Pipes from Freezing, Bursting

Bone-chilling temperatures have arrived, providing the perfect opportunity for your home’s pipes to freeze. When they do, you’ll temporarily have no water. What’s more, there’s the possibility they’ll burst, resulting in flooding that can ruin your belongings, cause mould and…

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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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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

An appeal against Toronto's short-term rental regulations has been 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 is defined as…

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