How Land-Transfer Tax Changes Affects Luxury Market

Dec 1 | by Barry Cohen

The latest real estate regulations outlined in the Ontario government’s fall economic statement will impact buyers in Toronto’s luxury market. The most significant change concerning all residents is the land-transfer tax. This tax is a significant portion of closing costs. To address home affordability for first-time buyers, the government has...

International Buyers’ Growing Attraction to Toronto’s Market

Nov 24 | by Barry Cohen

Toronto real estate reported rapid gains in average sale price over the last six years, with a steady upward trend originating earlier in the new millennium. If current sales figures hold true for the remaining two months of 2016, Toronto real estate could see gains around 14 percent in the average sale price over 2015. The average sale price for the year-...

Is Vancouver’s Foreign Buyer Tax Driving Toronto Luxury Real Estate?

Nov 17 | by Barry Cohen

Vancouver’s real estate market was similar to Toronto in many ways: high demand for housing, peaked interest from foreign buyers, and a limited supply. One radical legislative move set the cities apart: rapidly rising prices caused the British Columbia government to impose a 15 percent foreign buyer real estate tax.  Sales of super luxury home...

November Toronto Real Estate Update

Nov 10 | by Barry Cohen

Reported numbers for October remain on track for a record year in Toronto residential sales. Average sale prices are rising as the number of available units cannot meet the demand. Interestingly, new listings rose in October when compared to the same month in 2015 for the first time all year. The incremental increase is still not enough to make an impact...

International Selling Guide for Toronto Real Estate

Nov 3 | by Barry Cohen

International Selling Guide for Toronto Real Estate  Toronto home sellers may believe that the current market conditions make it easy to list and sell for top dollar. This is not the case. Real estate transactions are complex with many moving parts. Sellers choosing to skip using a real estate agent take legal responsibility for complying with Canad...

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