Thanks for stopping by! If You are interested in selling or buying a home in Mississauga, Milton, Toronto, Brampton or Oakville we will be more than happy to help you. Buying or selling real property is one of the biggest transactions a person will make throughout their lifetime. Let our professional service, excellent work ethics and support of our office staff help you on a journey that will lead you to a new beginning. We are the go to real estate agents when it comes to buying or selling your Home or Condo!
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Understanding the Offer to Purchase Form is essential once your house hunting expedition is a success! You have found the perfect home, one that satisfies your needs, most of your wants- and best of all, fits your pocketbook. Now comes one of the most important phases of your home-buying experience: making an offer to purchase the home.
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
If you have decided that now is the time to sell your home, you might be thinking: should I hire a Real Estate Sales Representative or do it alone. Have you ever considered repairing your own car? Anyone can buy the tools and parts. However, most of us just do not have the knowledge, training, experience or the expertise and commitment of time to do the job properly. Besides, there are plenty of experienced professionals to do the work for us.
When should I sell my home? Your answer to this question might be right now! If you have taken a job in another city or made an offer on a new home, or had an addition to your family, selling your home fast might be the most important goal you have. Most people, however, have some flexibility when they sell their home. Let us take a closer look at the most important factors that can go into this decision.
Toronto Real Estate Board President Tim Syrianos announced that TREB Commercial Members reported 210,579 square feet of combined industrial, commercial/retail and office space leased through the TREB MLS® System, on a per square foot net basis with pricing disclosed, in May 2018.
Greater Toronto Area REALTORS® reported 7,834 sales through TREB's MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017.
York Region councillors are demanding new tax powers from the province, and they have their eyes set on the municipal land transfer tax (MLTT). If implemented, the tax would add over $15,000 to an average priced York Region home, impacting housing affordability for all home buyers and making the Canadian dream of home ownership less achievable for thousands of young buyers. This could set a dangerous precedent for housing affordability across the wider Greater Toronto Area and the rest of the province.
The Ontario Real Estate Association (OREA) and the Toronto Real Estate Board (TREB) are urging MPP candidates in York Region to say ‘no’ to another tax on home buyers, noting the effects of such a tax will be as detrimental as they have been on Toronto. This tax does nothing to address the real issue facing the GTA housing market: the need for more supply. This sort of tax is also an unreliable revenue source.
“It’s no secret that municipalities across Ontario have been asking the provincial government for new taxing powers,” said Tim Syrianos, President of TREB. “York Region home buyers are already charged a provincial land transfer tax, so by adding a municipal tax, the Region will double the tax burden on local families. If local councillors get their way, home buyers will be forced to pay $15,000 more in land transfer taxes on the average priced home in York Region.”
When the City of Toronto first implemented the MLTT in 2008, home buyers were hit with a big tax increase. Moving from one home to another suddenly became costlier for potential home sellers, by adding thousands of dollars to every transaction. This has caused many home owners to stay put, further limiting supply of the critical missing middle (that fills the gap between single family homes and high rises) housing types in the marketplace.
“We’ve been down this road before, with municipalities asking for new taxing powers and the provincial government considering their requests,” said David Reid, President of OREA. “Each time, Realtors have stood up for young families and opposed a tax. Home buyers need relief, not new taxes. We hope voters in York Region will consider where their local candidates stand on this issue before casting their ballot on June 7th.”
In 2015, Ontario Realtors, home buyers and sellers sent 34,000 letters to provincial policy makers, demanding a stop to the spread of the MLTT outside of Toronto. With the election exactly one week away, Ontario Realtors are urging all provincial and York Region provincial candidates to show their support for Ontario home owners, buyers and sellers by opposing the spread of the MLTT beyond Toronto. They are also asking all Ontarians to email their local candidates urging them to oppose the tax.
Media are invited to attend a provincial election debate at the Toronto Congress Centre from 2:30 to 3:15 p.m. on May 31, 2018, hosted by the Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA). The discussion will focus on key real estate, housing and other major election issues that have a significant impact on the Greater Toronto Area.
Following the debate, a news conference will be held jointly by TREB and OREA regarding provincial changes to grant municipalities, including those in the GTA, new taxing powers, such as the imposition of a Municipal Land Transfer Tax in York Region.