Archive | Toronto

19 April 2018 ~ 0 Comments

Reminder. You must report the sale of your principal residence on your income tax return

With tax season upon us, if you moved in the calendar year of 2017, you must report your sale on your 2017 tax return. The government refers to this change as an “administrative change” but what it really is, is a pain in the butt and another way for big brother to see if they […]

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11 January 2018 ~ 0 Comments

What’s in store for Toronto’s Housing market in 2018

Well for starters, it must be said that we are living through interesting times in that with all of the changes brought into play over the past three years to cool the GTA’s hot housing market, changes which many forecasted would knock the sails out of sales (I couldn’t resist), we are still witnessing an […]

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16 January 2017 ~ 0 Comments

Toronto City Council says “raise the land transfer tax cost”

#AnotherObstacle It looks like Toronto City Council is at it again! Thinking that purchasers of real estate in Toronto’s neighbourhoods are flush with cash, they look to make sweeping changes to the Toronto Land Transfer tax program. For anyone who has purchased a property in Toronto since February 1st, 2008, you are well aware of […]

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12 January 2017 ~ 0 Comments

First-time buyers get a tax break

Effective January 1, first-time home buyers will get a financial break on the purchase of their new home with a rebate that is double the previous amount, the provincial government announced recently. This is a huge saving for consumers and marks the culmination of advocacy efforts by the Ontario Real Estate Association (OREA) to help […]

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04 November 2016 ~ 0 Comments

High Rise Trumps Low Rise In Sales

Condo owners are rejoicing as the Toronto Real Estate Board released their monthly market statistics for October 2016 and condo sales activity (units sold) as well as sold prices saw healthy increases in Toronto proper. Sales of condos were up almost 20% from last year this time and prices went up a whopping 12.9%! The […]

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15 January 2016 ~ 0 Comments

Are We to Expect Another Active Year in Toronto Real Estate Sales and Prices?

With winter now in full force across our city and the start of a new year behind us, those of you thinking about making a move or adding an investment property in 2016 might be wondering: what will be in store for the real estate market in Toronto? Let’s start with a brief recap of […]

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14 October 2015 ~ 0 Comments

Toronto Traffic Will Hurt Real Estate Values

Toronto’s mayor John Tory recently announced another “blitz” targeted towards illegal parking during rush hour in Toronto’s downtown core. October 5th, my birthday, is the big day of reckoning to solve our traffic woes. Thanks John for the heads-up, wink-wink!! There are so many things wrong with Tory’s Band-Aid approach in which he thinks is […]

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15 September 2015 ~ 0 Comments

Shouldn’t Toronto be Rich?

With the massive condo boom in the city of Toronto the past 10 years, it seems logical that our city’s property tax base has grown proportionately. If you live or have lived in a condo, you have probably had that moment of thinking, ‘why am I paying $2,500 per year for 650 square feet again […]

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19 August 2015 ~ 0 Comments

7 Reasons Why Toronto Average Sale Prices are $1 Million Dollars

The Canada Housing and Mortgage Company (CMHC) recently came out with high-risk warnings for detached house prices in Toronto. With the price of a detached house hovering around the One Million Dollar threshold, this warning seems to be plausible, especially in a city where some buyers can be seen with ‘crazy eyes’ like facial features […]

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17 June 2015 ~ 0 Comments

R.I.P. Zoocasa

It may be considered to be old news by now, but earlier this month a Rogers-owned Real Estate Company announced they were shutting their doors. And I say good riddance. From the get go, Zoocasa was a flawed business model. I won’t go into details as to why, as others have flogged their demise to […]

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