Tag Archives: land transfer tax

According to Mayor Rob Ford, our city councillors are addicted to the money Toronto’s land transfer tax generates. During the course of a 17-minute speech, Ford requested the help of Toronto realtors in reducing the city’s land transfer tax by 10%. This first step towards eliminating land transfer tax all together is an important political move for Ford, as this is an …

Bill 28 Passes Second Reading Bill 28, a movement intended to modify the Electronic Commerce Act (2000), carried through its second reading with support from all three parties in the Ontario Legislature.  The Bill seeks to remove the E-Commerce Act’s current exemption for documents that “create or transfer interests in land and require registration to be effective against third parties.”  …

Is the Land Transfer Tax driving away home buyers to the suburbs? A recent poll suggests that 75% of potential home buyers are likely to purchase outside of Toronto.  Is the Land Transfer Tax to blame or is it simply because the price tag of buying a home in the city is unattainable when contrasting average income earning families and …

I recently got questioned by one of my buyer who thought that they have to pay HST on all home purchases. I thought it would be a great idea to talk about HST and how it’s impacting the real estate market. All standard residential purchases don’t require HST payment. HST is applicable to real estate when the property being purchased …

TREB Members reported 7,806 sales of single-family dwellings in July, continuing a healthy but not record setting pace into the summer. “Even though GTA sales were down 12 per cent from the best-ever July 2007 figure of 8,912, sales were up 10 per cent from July 2006 (7,082),” said TREB President Maureen O’Neill. July 2007 saw a 26 per cent …

We’ve been working on a new website for the past couple of months and we’re happy to report that the new website is now ready and is being launched to the world wide inter web. Following is a comparison between the two websites visually. Old website New website There are some very noticable features that I’d like to point out …