Ontario Cracking Down on Foreign Real-Estate Speculation with the Most Comprehensive Non-Resident Speculation Tax in Canada TORONTO — As part of its commitment to tackle Ontario’s housing crisis by prioritizing Ontario families and homebuyers, the government is increasing the Non-Resident Speculation Tax rate to 20 per cent, closing loopholes to fight tax avoidance and expanding …
If you bought, built, sold or renovated a home in 2021, we’re here to help you with your tax affairs. Here are some helpful tips and information to get you ready for this tax-filing season. Claim $5,000 on your tax return: The home buyers’ amount (line 31270) is available if: you (or your spouse or …
Six99 is an upcoming condo development by Originate Developments, located in the heart of Bayview and Sheppard. In this exclusive blog post, we’ll look at the spacious amenities and accommodations that this condo project has to offer, and what you should know about the Bayview and Sheppard area. What Are the Amenities at Six99? Six99 …
The Greater Toronto Area is ever-expanding with exciting new home developments underway throughout the region, ranging from low-rise master planned communities to mid- and high-rise buildings in urban centres. A prime example of this rapid growth taking place across the GTA is along the Danforth in Toronto. In this blog post, we’ll look at the …
Mould in corners where the walls and ceilings meet Painted concrete floors in the basement, with circular marks of where pots once were Evidence of tampering with the electric meter or the ground around it Evidence of windows and doors having been sealed Indications that landscaping has not been consistently maintained Unusual or modified wiring …
GTA market stats for Feb 2022 are here! February home sales were down compared to the all-time record in 2021 but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. …
The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate …
Source: https://www.canada.ca/en/immigration-refugees-citizenship/news/2022/02/infographic-immigration-and-canadas-economic-recovery.html
GTA REALTORS® RELEASE JANUARY STATS Demand for housing ownership remained very strong in January 2022. Listings remained in short supply, resulting in tight market conditions and very strong year-over-year price growth.Looking Forward, TRREB’s outlook for 2022 is as follows. Total home sales reported through MLS in the GTA will reach 110,000, representing a dip from …
News Release February 2, 2022 Today, Toronto City Council expanded permissions to allow residents to build garden suites on residential properties in the city. A garden suite is a housing unit, usually located in the backyard of an existing house, but separate and detached from the main house. Garden suites, like laneway suites, are generally …