Did you know? The Canadian government has a program known as the Home Buyers’ Plan (HBP), which is designed to allow first-time home owners to withdraw up to $35,000 from RRSP for the purpose of buying a home! Purchasing with your spouse? You can access a total of $70,000 from your RRSP’s. The Home Buyers’ […]
Did you know? The Canadian government has recently introduced a First Home Savings Account (FHSA). This account is specifically designed to help first-time homebuyers save for their down payment without having to pay taxes on the interest earned on their savings. This means that the interest earned on the savings in the account is […]
In March 2023, the Greater Toronto Area (GTA) housing market saw an increase in competition between buyers, with sales accounting for a larger share of listings than in March 2022. Although sales were down 36.5% compared to the previous year, actual and seasonally adjusted sales were up month-over-month. The average selling price was up month-over-month […]
Every condo owner in Canada has to pay condo fees. Why? Owning a condo isn’t exactly the same as owning a detached house. A condo is part of a small community, and condo fees are like a subscription fee for belonging to that community. Condo fees cover a range of important things. In this article, […]
GTA REALTORS Release February 2023 Stats GTA Real Estate Market Update by Toronto Real Estate Board The Toronto Regional Real Estate Board (TRREB) has reported that sales in the Greater Toronto Area (GTA) were down 47% in February 2023 compared to February 2022, the last full month before interest rate hikes were introduced. The number […]
GTA REALTORS Release January Stats GTA Real Estate Market Update by Toronto Real Estate Board TORONTO, ONTARIO, February 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On […]
As you may or may not have heard beginning January 1, 2023, the federal government has implemented a new law prohibiting the purchase of residential property by non-Canadians for a period of two years (the “New Law”). Here we provide a brief overview of the prohibition itself, who and what it includes, as well as […]
GTA REALTORS Release December 2022 Stats GTA Real Estate Market Update by Toronto Real Estate Board TORONTO, ONTARIO, January 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by […]
Are you a City of Toronto homeowner? If so, you would have received a yellow letter from the City asking you to submit a declaration form by Feb 2, 2023 about the occupancy status of your residential homes in Toronto in 2022. The purpose of this Toronto Vacant Home Tax is to “increase the supply of housing by […]
GTA REALTORS Release November Stats GTA Real Estate Market Update by Toronto Real Estate Board The homeownership market in the Greater Toronto Area (GTA) was impacted by higher borrowing costs in November, leading to a decline in sales and new listings. The limited supply of homes for sale has supported average selling prices at around […]
Immigration levels have been increased in recent months as the federal government scrambled to invite huge numbers of new Canadians in given the long COVID related pause in travel and movement. Newly announced federal targets will see the annual intake number of new Canadians hit 500,000 by 2025. 405,000 people moved to Canada in 2021, […]
The Ford Government recently announced plans to move ahead with additional housing development in the previously untouchable Greenbelt. A list of the specific parts of the Greenbelt the government wants developers to build homes on is below: King Township: east of Dufferin Street, south of Miller’s Sideroad and west of Bathurst Street. Vaughan: north of Teston […]
Winter is just around the corner! It’s time to create an inviting and cozy space for you and your guests. Being told that your home is “cozy” is probably the best compliment a homeowner could ever receive. It means that your guests feel comfortable in your home. Creating a space that is not only […]
This Winter Maintenance Checklist Will Keep Your Home in Good Order! Inspecting your home on a regular basis and following good maintenance practices is the best way to protect your investment. Whether you take care of a few tasks at a time or several all at once, it’s important to get into the habit of […]
GTA REALTORS Release October 2022 Stats GTA Real Estate Market Update by Toronto Real Estate Board TORONTO, ONTARIO, November 3, 2022 – Despite the continued housing market transition to a higher borrowing cost environment, the average selling price in the Greater Toronto Area (GTA) found some support near $1.1 million since the late summer. GTA […]