Toronto Considering Raising Land Transfer Tax
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Toronto Considering Raising Land Transfer Tax

In an effort to find new revenue streams, the City of Toronto is looking at raising the rate of its Municipal Land Transfer Tax (MLTT) on home sales. The proposed hike would add an additional $750 in closing costs to the average home, and would add an estimated $100 million… Continue reading »

Friday Mortgage Round Up: June 29th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: June 29th, 2012

We’re starting to witness the effects of last week’s guideline and policy changes for the secured lending industry. Potential first time home buyers aren’t the only ones feeling the belt tighten – many mortgage agents who cater to this market are biting their nails as buyers may increasingly choose to stick with the renting market. Looks like everything comes with a price – even affordability. Continue reading »