In Toronto real estate, when a person sells her home, thanks to the Principal Residence Exemption, she isn’t usually taxed on capital gains. Similarly, if a principal residence is owned when a taxpayer dies, the residence will not attract a tax liability realized from the deemed disposition of assets. But, as Keith Masterman, LLB says, […]
toronto condo buyer
End 5 per cent Down Payment Idea Will Hurt Millennials To Buy Home
Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]
6 Interesting Facts To Know About Toronto’s Real Estate Market
© Provided by Fool office-building_16-9 Toronto’s real estate market continues to defy gravity. May was another record-setting month with 12,870 home sales reported by Toronto-area realtors. Prices inside the city of Toronto hit an average of $782,051, an increase of 8.95% compared with the same month in 2015. The rest of the Greater Toronto […]
Housing market ‘not waiting’ for millennials, BMO warns buyers
More than half of Canadian millennials are tired of paying rent, but 70 per cent would rather hold out for a home they really want before jumping into the real estate market, according to a new poll released by the Bank of Montreal on Tuesday. The Pollara survey conducted for BMO revealed almost all […]
Real estate markets near Toronto, Vancouver seeing outsize growth in prices
New Housing in Toronto continues to be a seven-figure proposition (over $1 million dollars) for even an average home, sending more and more people into satellite cities in search of better deals. The Building Industry and Land Development Association said Thursday that the average new detached home in the Greater Toronto Area reached $1.049 […]