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On April 20, 2017, the Ontario government announced a series of measures that are intended to temper the soaring real estate market in and around Toronto. The two most significant aspects of the province’s 16-point plan are the introduction of a “non-resident speculation tax” (“NRST”) and the expansion of rent control to all private rental… Read the Article
Land Transfer Tax is something that we get asked about all the time. We’re going to answer the top 5 questions we’re asked about Ontario and Toronto land transfer tax. If your question isn’t answered here, please contact us. We’ll get right back to you. 1. I’m buying a house in Toronto. How much land… Read the Article
If you’re paying out a closed fixed rate mortgage before the end of your term, you may be facing a significant prepayment penalty or fee from your lender. This can happen in the context of the sale of your property or a mortgage refinancing. Most closed fixed rate mortgages have a prepayment penalty that is… Read the Article
We are often asked questions about the provincial and municipal land transfer taxes. The most common question is, of course, “How much land transfer tax will I owe?”. You can easily get an answer by using the our instant calculator on our Quote page. A little less common, but perhaps more interesting, is the following… Read the Article
For those of you looking to sell your existing home and purchase a new property in the Greater Toronto Area, you may be struggling to match your closing dates or wondering what you’ll do if your purchase is has to close before your sale is completed. Obviously, in the latter situation, you would be concerned… Read the Article