Starting in 2024, the Canadian real estate landscape will undergo a notable shift due to the increase in the Vacant Home Tax (VHT), impacting both investors and homeowners. The tax, initially set at 1%, will increase to 3%, which is a big change for property owners. What is the Vacant...
How Does Land Transfer Tax Work In Ontario?
Whether you're eyeing a charming Victorian home in Toronto's Annex or a sleek new condo in Ottawa, land transfer tax is more than just a line item on your closing documents. In this blog, we'll explore how it affects both resale and pre-construction properties, who is exempt from buying the...
What Are The Closing Costs When Buying a Pre-Construction Condo in Canada?
When you're in the market for a pre-construction condo in Canada, it's important to consider the closing costs in your total buying budget. These costs, often overlooked by buyers, can impact your budget and are usually hidden when introducing the project. However, when you work with the right pre-construction specialist,...
How to Market Resale Properties to First-Time Homebuyers?
Selling resale properties to first-time homebuyers can be both a challenge and an opportunity. Most first home buyers in Canada are looking for properties that don’t require much renovation and have good, solid bones. As a real estate agent or a property owner, the key is knowing how to position...
Toronto vs Mississauga: Condo Living Costs & Benefits
Deciding where to lay down roots is a monumental decision, especially in the Greater Toronto Area, where the cost of living can be as diverse as the landscape itself. From the bustling streets of Toronto to the serene waterfronts of Mississauga, each city offers a unique blend of natural beauty...
Is Home Insurance Mandatory In Brampton?
The Canadian government has mandated certain types of insurance coverage, like car insurance. Such compulsory insurance coverage aims to provide security to car owners and pedestrians walking on the street. Having said that, not all personal insurances are mandatory in Brampton, Canada. Are you wondering if home insurance is mandatory?...