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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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5 Reasons to Buy a House during Winter

Winter isn’t typically the time that people want to go house hunting. The weather outside can be frightful and it’s usually hectic because of the holidays. However, there are some advantages to buying during this season. Less Buyer Competition While…

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October 2019 Real Estate Market Update

Toronto home prices continued to rise in October, as listings plunged. The average selling price for all home types combined was up by 5.5% to $852,142, compared to $807,538 in October 2018. Prices increased 1.1% or $9,027 month-over-month from $843,115…

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September 2019 Real Estate Market Update

The real estate market is looking increasingly healthy, continuing to mend from the significant downturn of 2018 and early 2019, following the introduction of the federal mortgage stress test. Toronto-area home sales surged double digits in September, compared with the…

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