Journal
Notes from the practice — market reads, neighbourhood stories, and practical advice on buying and selling well in Etobicoke.
8 stories tagged “Buying”
Buying
How to protect yourself from real estate title fraud
Title fraud involves stealing a homeowner’s identity to refinance or sell home without them knowing This article was published on CBC News. “Recent news stories have highlighted the dangers of real-estate title fraud, which take place when fraudsters or scam artists steal ownership of a home in order to benefit from its value. Yesterday, CBC News reported on a Toronto family that was … » Read More about How to protect yourself from real estate title fraud
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Garden Suites Now Permitted in Toronto After Dismissal of Appeal
Government Relations 12 July 2022 The City of Toronto Garden Suites By-law is now in full force after the Ontario Land Tribunal (OLT) dismissed an appeal. The Garden Suites By-law and Official Plan Amendment were adopted by Toronto City Council on February 2, but were appealed shortly after. On July 4, 2022, the OLT decided that it did … » Read More about Garden Suites Now Permitted in Toronto After Dismissal of Appeal
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Buying and Selling during COVID-19 May Market Stats
Toronto Regional Real Estate Board President Michael Collins, May 2020: With public confidence creeping back after the Premier announced the beginning of Phase 1 re-opening in Ontario, the real estate market has responded with a jump in sales and average price when compared to the previous month. TREB announced that Greater Toronto Area REALTORS® reported 4,606 sales … » Read More about Buying and Selling during COVID-19 May Market Stats
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2018 Toronto Real Estate: Frequently Asked Questions
After a long hot summer, we are now well into fall, a season where we often see a rise in real estate transactions. Many of you have asked what’s happening with the current market, so I have decided to share some of my thoughts with you. Across Toronto, we are still in a low … » Read More about 2018 Toronto Real Estate: Frequently Asked Questions
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Investing in pre-construction
Don’t go in alone With the growth and surplus of pre-construction available in Toronto it can be very overwhelming when narrowing down a development to choose from. Most people understand the benefits of using an agent when buying a re-sale home, however when it comes to pre-construction, many choose to purchase straight from the builder, leaving them … » Read More about Investing in pre-construction
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Interest rates rise for the first time in 7 years
The Big Five Follow Suit It’s been two weeks since The Bank of Canada raised their interest rate for the first time in seven years, to 0.75%. The increase has been a long time coming, and the Canada’s Big Five have already followed suit, raising their prime rates and affecting a number of … » Read More about Interest rates rise for the first time in 7 years
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Understanding the Ontario 15% Non-Resident Speculation Tax
The New Tax Ever since Vancouver’s real estate market cooled following the introduction of a Foreign Buyer’s Tax, Torontonian’s have been wondering whether a similar tax will be implemented in Toronto. Late April, it was announced that Toronto will indeed be getting their very own Non-Resident Speculation Tax. So, what does this mean, who … » Read More about Understanding the Ontario 15% Non-Resident Speculation Tax
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First Time Buyers: Rebates Explained
You may be aware of the Land Transfer Tax that both the province of Ontario and the City of Toronto apply to the purchase of real estate, but it seems many are not as clear on how the First Time Home Buyers Credit works. The FTHBC rebates a portion of the closing costs and is separate … » Read More about First Time Buyers: Rebates Explained