Selling a tenant-occupied property is all about balancing legalities with tenant relations. As Ontario’s market is slowly turning into a buyer’s market, tenant-occupied properties might stay up on the market for longer. If your intentions are clear, the very first thing to do is inform your tenant. Give them ample...
Report: Canadian House Prices Might Fall By 10% In 2024
TD, one of Canada’s biggest banks, predicted in a period that Canada will grow through a great adjustment phase in 2024. They expect house prices to drop by almost 10% in the first half of 2024. We hope this article offers a clearer understanding of the forecast to support your...
Everything Investors Should Know About Vacant Home Tax Increase in 2024
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,...
Essential Checklist for Preparing Your Property for Sale
Essential Checklist for Preparing Your Property for Sale Sellers in Canada are facing a unique challenge currently primarily due to inflation and soaring mortgage interest rates. It has become more important than ever for property owners in the Greater Toronto Area to ensure their homes are not just appealing, but...