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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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December 2019 Real Estate Market Update

While buyers were stress-test-adjusted and benefitting from lower interest rates, the December 2019 real estate market heavily favoured sellers. The Toronto Real Estate Board (TREB) has reported a near 12% increase in the average selling price of a Greater Toronto…

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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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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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July 2019 Real Estate Market Update

Toronto-area home sales were up 24.3% in July, compared with the same period last year. The number of properties sold increased to 8,595 from 6,916, with sales of all four categories of housing (detached, semi-detached, townhouse and condo apartment) up…

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