— blogTO (@blogTO)September 21, 2022 There are also changes on deck for Toronto that are putting would-be buyers off even more, like a newproperty tax increase, which is in addition to municipalandprovincial land transfer taxes that make the city home to the largest real estate levies in...
"As a new homeowner, I groaningly welcome the property tax increase. But I direct my groans at the inflated costs of housing in Toronto, not the much-needed improvements to our transit system,"one Toronto resident added. As a Toronto property tax payer, I APPLAUD!! This is r...
Property Flippers Beware: New Tax Property Flipping Rules Increase Capital Gains to 66.67% or even 100% for Business Income Introduction Home flipping in Canada has been a popular strategy for those looking to invest in real estate, capitalize on market trends, and potentially earn significant profi...
January Newsletter ~Happy New Year~Vacant Home Tax~ Changes in rates Toronto Real Estate Newsletter December 2022 – Kinnear’s Komments Happy December! Hope you’re enjoying the relatively mild weather and excitement leading up to the Holidays. The JKT is doing well - we are thrilled about vol...
Why are we are seeing such a huge increase in those wanting to invest instead of live in our homes? Read More Market What Could Rising Interest Rates Mean For House Prices? by Move Smartly Team With interest rates rising, could Canadian housing prices finally start to cool? Read More ...
Real estate experts consistently state that a new roof is one of the top investment choices for homeowners looking to increase their property value. A durable and high-quality roof assures potential buyers of reduced maintenance costs and provides a sense of security and reliability. Consequently, ...
residents. Under the city bylaw, a property is vacant if it’s unoccupied for more than six months during the prior year or otherwise declared under the citybylaw. The mandate of the tax is to increase the supply of housing. Thedeclaration/payment formhas been available since late 2022. ...
This hike breaks down into two parts: a 5.4 per cent property tax increase, and the annual 1.5 per cent “city building fund” tax that began in 2016 and pours into major infrastructure projects in the city. All together, this increase would cost the average Toronto homeowner $268 a year...
We’re actively working with CSBFP to increase this limit to reflect the real intangible asset portion in private businesses today. Streamlined Sales Process: Modern tools and detailed valuation reports empower sellers to achieve the best price with minimal costs. Clarity and Confidence: Tools like ...
How are pensioners like Anne expected to manage when their British State Pension doesn’t increase year on year; exchange rates are also falling, so, in real terms Anne is getting less each year, yet food and heating prices are going through the roof. ...