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NO extension on Municipal Land Transfer Tax
December 1, 2015 -- The Minister of Municipal Affairs and Housing, Ted McMeekin announced today that the government will not give municipalities outside of Toronto the ability to charge a municipal land transfer tax (MLTT). YOU SAID "NO" AND Read More...
Toronto is becoming ‘the New York of the North’
House prices in Toronto will continue to be out of reach of many homebuyers even if there is moderation in the coming years. That’s according to a new report by TD Economics that highlights government regulations and taxation among the factors affecting Read More...
Can tenants break their lease too easily?
Most landlords get their tenants to sign a minimum one-year lease. This is usually done to give them some peace of mind, knowing their rental properties will be occupied for at least 12 months. What most landlords don’t realize, however, is that Read More...
Survey: 1/3 of investors are unprepared for investing
The survey, published by the Real Estate Council of Ontario (RECO), found that 26 per cent of investors wished they had a better grasp of the buying process, 21 per cent wished they had looked at more properties and 14 per cent wished they had a better Read More...
New price! Home with walk-out finished basement $679,000
Finished walk out basement. Open Concept • 5 bath, 4 bdrm 2 story - MLS ® $679,000 - Fabulous corner lot! Bradford, Bradford West Gwillimbury - Fabulous Bradford location! Homes Like That Don't Come Up For Sale Very Often. Once You Walk-In, Read More...
Fine Home For Sale at Eglinton/Kipling - price reduced
Inground pool! Princess Manor! Location! • 3,000 sq. ft., 3 bath, 3 bdrm 4-level split "back-split style with addition" - MLS ® $1,499,000 - Completely renovated! Eglinton/Kipling, Toronto - Islington/Eglinton/Kipling. Best Etobicoke Read More...
Real estate values differ widely across the country
October 22-2014 In its monetary policy report today, the central bank said housing activity “has been more robust than anticipated, buoyed by continued very low mortgage rates and exhibiting strength beyond a rebound from weather-depressed levels Read More...
Toronto's economic health continue to improve
Toronto continues to experience modest GDP growth, at 1.9% in 2013. Also, the Toronto Region set new records for numbers of overseas visitors, hotel room nights sold, and contributed $6.45-billion to the local economy. However, the city needs more revenue Read More...
Toronto’s shifting demographics
The city continues to grow, with a population of 2,771,770 million in 2013. Toronto’s seniors account for 14.5% of the population and the city now has a “Seniors Strategy” aimed at making Toronto an “age-friendly city.” Toronto’s Read More...
September 2014 - Market Watch stats
The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared to the same period in 2013. Average year-over-year price growth was strongest in the City of Toronto, both for low-rise home types like detached Read More...
Real estate sales in June 2014 - 15% more in transactions
Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June. “Home buyers in the Greater Read More...
Why GTA housing market will stay strong in 2013
Many economists predicted a local real estate crash this year, with prices falling by up to 25 per cent. I didn’t see that prediction coming true and it didn’t. Nor will do I believe it will happen in 2013. Here’s why: 1. Homes are more Read More...
Microsoft store, its first in Canada, is scheduled to open at Yorkdale mall in Toronto
Grand Opening: November 16th, 2012 The design of the Microsoft stores in the U.S. incorporates many of the elements that made Apple stores a hit – gleaming wood floors, lots of glass and products to sample. Microsoft has added big comfy chairs and Read More...
U.S. slips out of top 10 most prosperous countries, while Canada keeps No. 6 ranking
November 5th, 2012 The U.S. slid from the top 10 most prosperous nations for the first time in a league table which ranked Canada sixth in the world for the second year in a row. The U.S. fell to 12th position from 10th in the Legatum Institute’s Read More...
Interest rates will remain low for a while - Scotia bank
The Bank of Nova Scotia has released a new forecast which tells Canadians to expect low interest rates until 2014. In the forecast, Scotiabank economists Dov Zigler and Derek Holt estimate the economy will likely average 1.9 per cent growth this year, Read More...
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