RECORD SALES, PRICES IN 2016

The second strongest December in history capped off a record year for home sales in the GTA. December sales of 5,338 units (up by a solid 8.6% versus December 2015) brought the 2016 calendar year total to 113,133 (up by an eye-popping 11.8% versus full year 2015). This was the second consecutive year of record…

Have Your Say! Send a Message: Don’t Hike the LTT!

TREB has launched anotherobstacle.ca to shed light on proposed changes to the City’s Land Transfer Tax. If you’re not a fan of this tax, take a few minutes to easily use anotherobstacle.ca to trigger an email to your councillor or post on social media.  The City is serious about these changes that would, if enacted: Add…

Volume, Prices Continue To Surge

The torrid pace of volume and price growth in the GTA continued in November with another round of double-digit increases on both counts. November witnessed a total of 8,547 resale transactions through the Toronto Real Estate Board’s MLS System, up by a whopping 16.5% versus the 7,337 units sold in November 2015. The condo apartment…

We did it! $4000 Land Transfer Tax Rebate for First Time-Home Buyers

Ontario REALTORS® have lobbied for and won the first tax break for first-time buyers in over ten years. This tax break will help make home ownership more affordable by providing some relief to those Ontarians that need it most – young families. This news came today as part of Ontario’s Fall Economic Statement. In the…

What to do with a Messy Neighbour?

The unkempt, cluttered front lawns and overgrown gardens of nearby properties can reduce the price of a home for sale by as much as five to ten percent. Even if you’ve invested countless hours into keeping your grass perfectly manicured and your gardens weed-free, your next door neighbour might not share the same meticulous habits.…

How to Judge the Potential of a Fixer-Upper

With Canada’s hot housing market, even poorly neglected, rundown homes are soliciting bidding wars from eager buyers. But fixer-uppers can often become money pits as renovations reveal hidden problems that cost more than expected. On the other hand, outdated décor and some unpleasant aromas are an easier fix than you might think. Before you write off…

When Not to Use the First-Time Home Buyers’ Plan

The First-Time Home Buyers’ Plan is a powerful financial tool for new homeowners. This government program allows purchasers of their first home to withdraw up to $25,000 tax-free from their RRSP to put towards a down payment. While it’s an excellent program for young investors, it might not be right for everyone. Here are a…