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Articles and guides about the Toronto real estate market and housing in general.
Recent Posts Tagged With 'taxes'
Toronto Real Estate Prices Up, Sales Down
Moderate activity and strong prices continued to characterize the Toronto real estate market during the first half of July, Toronto Real Estate Board President Maureen O’Neill announced today. “The average price in the GTA during the firs...
GTA Resale Housing More Balanced in June
The trend toward more balanced market conditions continued in June with 8,600 properties changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. It is important to note that in this release you will also find market...
Home sales fall for 5th month
Tough economic times, dwindling affordability hit Toronto real estate market By Tony Wong - YourHome.ca Warmer weather is failing to heat up the Toronto real estate market as it was hit with the fifth consecutive month of declining year over year sal...
Fairer property tax appeal system
Property owners to get a fairer assessment appeal system A fairer property tax appeal system is expected with changes announced by the provincial government. The changes mean the onus of proof on property assessment appeals is reversed so that, when ...
Toronto Land Transfer Tax
What is the Potential Impact of the New Tax on Real Estate in the City of Toronto and Suburbs? 2007 was a very strong year for Toronto real estate. The number of downtown condo sales was up about 25% from last year, and the same is true of detached h...
Toronto Real Estate Sales Relaxed Last Month
Looks like this season’s record amount of snow had its toll on some Toronto home buyers and made them decide to wait out for the spring market. “Low inventory levels kept the Toronto real estate market brisk but well off record levels las...
Toronto Real Estate Healthy
GTA resale housing market down but still healthy The Greater Toronto real estate market saw 3,955 homes change hands in the first half of April, down 5% from the same time period last year, Toronto Real Estate Board President Maureen O’Neill an...
Toronto Real Estate Sales Ease in March
Low inventory levels kept the Greater Toronto real estate market brisk but well off record levels last month, Toronto Real Estate Board President Maureen O’Neill announced today. “Overall sales in the GTA declined 22% compared to March 20...
Help For Homeowners
By Jeff Gray - Globe and Mail In an effort to change the Byzantine process in which homeowners must engage to appeal their property tax assessments, the Ontario government plans to put the onus on the assessment agency to prove its case when a taxpay...
Tax hike creeps up from 3.75 per cent
Confusion caused by new report pegging it at 4.08% Anthony Reinhart and Jennifer Lewington - Globe and Mail It’s a small amount, really: the price of a 20-pack of Glad Easy-Tie Garbage Bags or a tube of GE Silicone Sealant for Masonry (Grey) at...
Roll-Back Land Transfer Tax
Roll-Back Land Transfer Tax Immediately, Toronto Real Estate Agents Tell Councillors With the City’s Executive Committee reviewing the proposed 2008 Operating Budget today, the Toronto Real Estate Board is calling for City Councillors to immedi...
Toronto real estate slows
Toronto Real Estate Board says GTA resale housing market still down March 19, 2008 — Resale home transactions in the Greater Toronto Area continued at a moderate pace during the first half of March, Toronto Real Estate Board President Maureen O...
Property assessment freeze lifted
The end of a three-year assessment freeze could mean homeowners in some parts of the province may face double-digit hikes in property taxes. The provincial assessment freeze ended on January 1st. However, the Ontario government says it plans to sprea...
Canadians spend more on housing, less on taxes
By Tavia Grant - Globe and Mail Canadians are spending a greater chunk of their incomes on housing, air travel and cell phones while the proportion devoted to personal taxes has hit a 14-year low, a government report showed Tuesday. Canadians were in...
Property Taxes Top of Mind For First-Time Homebuyers
Rising Property Taxes Top of Mind For First-Time Homebuyers In Ontario: Survey Tax Consideration In GTA Among Highest In Canada The potential of property tax increases is on the minds of first-time homebuyers in Ontario – and the GTA in particular ...
New Toronto land transfer tax
Except for some first-time buyers, levy is now a fact of life By Kathy Flaxman - Globe and Mail Like many people who were house-hunting as 2008 approached, Sherille Layton and her husband, Edward, wanted to stay ahead of Toronto’s new land-tran...
Toronto Real Estate Market Solid in January
January’s Toronto real estate market came within two per cent of a record performance for the month, Toronto Real Estate Board President Maureen O’Neill announced today. A total of 5,073 properties changed hands last month, compared to th...
Toronto Land Transfer Tax Takes Effect
Toronto Real Estate Agents Call On City to Give Homebuyers a Break With the City of Toronto’s new land transfer tax coming into effect last week, even as City Council considers a property tax increase, Toronto real estate agents are calling for...
Toronto home owners brace for tax hikes
New assessments to reflect rapid rise in real estate values for some By Cassandra Drudi - Globe and Mail With reports from Karen Howlett and Jennifer Lewington Double-digit jumps in assessments and resulting property tax increases are going to stun s...
Toronto has highest property taxes in Canada
Municipal spending is out of control Kevin Gaudet, Financial Post Even before Toronto announced its latest property tax hikes yesterday, Toronto took the dubious honour for having the highest property taxes in Canada, according to a detailed report i...
CPI gives fuel to tax critics
Jennifer Lewington - Globe and Mail The city’s inflation rate, itself a matter of dispute, is giving ammunition to critics of Mayor David Miller’s proposal for a 3.75-per-cent residential property tax increase this year. At issue is Mr. M...
City Budget Can Send Important Message to Homebuyers
In light of the upcoming implementation of the City of Toronto Land Transfer Tax, Toronto’s real estate agents believe that City Council can send an important message to homebuyers by keeping property taxes down in the City’s 2008 Operati...
Home buyers penalized by outdated taxation system
Canadian Association of Accredited Mortgage Professionals urges Government to index tax thresholds (Canada News Wire) - Housing affordability in Canada has been incrementally reduced because applicable tax thresholds remain stagnant, according to a r...
