As of March 2026, the Ontario government announced it will waive the 8% provincial portion of the Harmonized Sales Tax (HST) on all newly built homes (up to $1 million) to stimulate the housing market. This temporary tax relief is being expanded from a previous, more limited program intended for first-time buyers. Key Details on the Ontario New Home HST Waiver (2026): Scope: The exemption...

I wanted to share an important reminder regarding your property taxes for 2026. If you believe your home’s assessed value is too high or inaccurate, you have the right to challenge it through the Municipal Property Assessment Corporation (MPAC). Key Deadline: March 31, 2026 By this date, homeowners must file a Request for Reconsideration (RfR) with MPAC. This is a free process and is the...

While many were watching for a potential move, the Bank’s decision to hold reflects a "wait-and-see" approach amidst a complex global landscape. Here are the three key takeaways from today’s announcement: Steady Inflation: Annual inflation for February landed at 1.8%, which is slightly lower than anticipated and sits comfortably within the Bank’s target...

Toronto City Council has passed a motion to hike the land transfer tax on home sales above $3 million as the city looks for additional revenue. The move means those buying a home worth $3-4 million will pay a 4.4 per cent Municipal Land Transfer Tax (MLTT). That amount will increase on a scale, with anyone buying a home worth more than $20 million paying an 8.6 per cent tax to the city. Chow said she...

An ounce of prevention is worth a pound of cure. From prepping birdbaths to cleaning gutters, there are a lot of things for homeowners to do once temperatures start to dip. Unfortunately, just because you won’t be using your outdoor faucets during the winter months doesn’t mean you don’t have to worry about them. As much as we dislike adding another thing to your winter preparation list, a...