Ontario’s Fair Housing Plan Announced to Cool GTA Housing Market
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Mortgage News / RSM News

Ontario’s Fair Housing Plan Announced to Cool GTA Housing Market

It’s no secret that Toronto’s real estate market is rising at an alarming rate. Just in the month of March, it was announced that the average home price increased by 33.4 per cent, year-over-year. The average price for a detached home in Toronto currently sits at $1.21 million. In response, Toronto Mayor John Tory, Federal … Continue reading »

Toronto Considering Raising Land Transfer Tax
Buying A Home / Economic News / Home Ownership / Lifestyle / Lifestyle News / Mortgages / RSM News / Selling Your Home / Taxes

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 »

Toronto’s Housing Market: Fact vs. Speculation
Buying A Home / First Time Home Buyers / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / RSM News / Uncategorized / Your Budget

Toronto’s Housing Market: Fact vs. Speculation

Everyday there’s another news headline about just how hot Toronto’s housing market is, but should you really believe everything you hear? Here’s why you should read between the lines. Continue reading »

Liberals to Assess Foreign Real Estate Investment in Canada
Economic News / Mortgage News / Mortgages

Liberals to Assess Foreign Real Estate Investment in Canada

The Canadian federal government wants to take a closer look at the extent of foreign ownership of real estate across the nation – but critics are saying their efforts won’t go far enough. There has long been a glaring lack of data on who’s buying real estate in Canada. During the federal election campaign last autumn some politicians promised … Continue reading »