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First-time home buyers to get $4,000 land transfer rebate

First-time home buyers to get $4,000 land transfer rebate

Finance Minister Charles Sousa is giving first-time home buyers a land transfer tax rebate of up to $4,000. Sousa used Monday’s fall economic statement to announce the tax break for eligible purchasers is being doubled from $2,000. The treasurer said the measure – funded by hiking rates on houses selling for more than $2 million […]

We’re looking to upgrade to a bigger home

We’re looking to upgrade to a bigger home

We’re looking to upgrade to a bigger home, but don’t know if we should buy first or sell first in this hot market. Any tips? We get this question a lot. To buy first or to sell first? It’s a common question, especially in today’s red-hot real-estate market. The answer? It depends on market availability […]

Ontario real estate associations oppose taxing foreign buyer in Toronto

Ontario real estate associations oppose taxing foreign buyer in Toronto

Ontario real estate associations oppose taxing foreign buyer in Toronto. TORONTO – Two Ontario real estate associations have voiced opposition against following in Vancouver’s footsteps and implementing a tax on foreign homebuyers, saying that such a “knee-jerk reaction” could have negative implications for the economy. In letters penned to the provincial and municipal governments last […]

Toronto outstrips Vancouver as the country’s hottest market

Toronto outstrips Vancouver as the country’s hottest market

Toronto outstrips Vancouver as the country’s hottest market. With the Vancouver housing sector currently experiencing a 10 per cent price correction in the wake of B.C.’s new tax on foreign home buyers, Toronto has taken over as Canada’s most dynamic and fastest growing real estate market, according to a veteran markets observer. In a contribution […]

Should house hunters buy or sell first?

Should house hunters buy or sell first?

The answer depends on the people, city and most importantly, the market. Buying a home can be difficult. House hunters must save for a down payment, may face bidding wars and even forgo conditions once considered staples of a home purchase offer, like financing or an inspection. But those who already own a home and […]