toronto real estate: Toronto Real Estate Cooling Off in Perspective
- 06/16/08 06:55 PM
Lately we have been hearing a lot about how the Toronto real estate markets are cooling off. Some would promote the hype that the end has come and that the years of "wow what a great year for real estate" are over. After all we are down over 12.5% in sales to date at the end of May 2008 when compared to the end of May 2007. The number of active listings at the end of May were up over 56% (this statistic although true does not accurately represent the listing activity in the month of may just how many listings … (0 comments)
toronto real estate: New Buyer's "Home Buying" Tax Will Hit Sellers Too
- 03/25/07 12:42 AM
A proposed land transfer tax, by the City of Toronto, will undermine affordability and property values. With the passing of the City of Toronto Act, that gives Toronto more powers to govern the city, many new proposals have been tabled to generate income for the city to cover the costs of services. One one of these is a land transfer tax of around 0.5% of the purchase price on all properties in Toronto. This may seem quite reasonable, except that we already pay the Ontario government a land transfer tax on a graduated scale from 0.5% to 2% with the average home being just … (1 comments)
Lately we have been hearing a lot about how the Toronto real estate markets are cooling off. Some would promote the hype that the end has come and that the years of "wow what a great year for real estate" are over. After all we are down over 12.5% in sales to date at the end of May 2008 when compared to the end of May 2007. The number of active listings at the end of May were up over 56% (this statistic although true does not accurately represent the listing activity in the month of may just how many listings … (0 comments)
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