City Land Transfer Tax-Not as Bad as it Appears

18 July 2012
Remax-Condos-Plus

The experts, led by the Bank of Canada, have been telling the public that when interest rates rise by 2or 3%, we will all be losing our real estate properties. But before we jump off that bridge we need to look at what the interest rate market is telling us about future rates.


What's Wrong with the Toronto Condo Market? The Rents are too Low

18 July 2012
Remax-Condos-Plus

While it is true that sales are slightly lower in 2012 than in 2011 and that condo prices have levelled off since January; this is not a signal that the condo market is about to come to an end. The key point to make is that people still want to live downtown and the numbers will only grow over time.


Why the City of Toronto Land Transfer Tax is a Problem Part ll

11 July 2012
Remax-Condos-Plus

In our previous Blog we pointed out that the City of Toronto Land Transfer Tax was really a pre-payment of property taxes. Residential taxes in Toronto are anywhere from 20 t0 40% lower than taxes in 905 for a similar priced property.