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…
The CMHC has released its latest forecast for home sales in Canada, and they foresee a downtown in our red-hot market. However, one economist calls into question red flags raised over the condo market, saying the data doesn’t paint the full picture. Here’s what buyers and owners should know.
Condo incentives are extra features tossed in by developers to reel in buyers – ranging from guaranteed rent income to new cars. Here’s a sample of the goodies up for grabs in some markets.
Rental housing in Canada is experiencing a boom, as developers realize those priced out of the housing market want high-quality, inexpensive options.
Toronto condos have experienced a resurgence, as prices and sale numbers climbed in June. Now, the average condo will set Torontonians back more than $367,000, according to the Toronto Real Estate Board.
The housing market can be daunting for those buying or selling for the first time. Check out this week’s guide to real estate success!