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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…


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,…


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…