Overview: an in-depth look at the federal government’s proposed capital gains tax hike and its potential impacts on the GTA housing market. One of the biggest and most controversial proposals is increasing the capital gains inclusion rate. What exactly are capital gains? And what’s an inclusion rate? And how do…
Tag: buyers
A Guide To The Trust In Real Estate Services Act (TRESA)
Overview: a guide to understanding Ontario’s updated Trust In Real Estate Services Act (TRESA), including what it is, how it works, penalties and protections, and what it means for buyers and sellers. And it’s all thanks to TRESA, or the Trust In Real Estate Services Act. In fact, the new…
A Guide To The Buyer Representation Agreement (BRA)
Overview: an in-depth guide to understanding Ontario’s Buyer Representation Agreement (BRA), including what it is, its benefits and risks, advice for buyers, and more. The law first went into effect back in January 1, 1995, and was revamped on December 1, 2023. So what is the Buyer Representation Agreement? Why…
January 2023 Interest Rate Hike & Forecast
Overview: a look at the January 2023 interest rate hike, including its impact on Toronto home sales, prices, inventory and mortgages, plus predictions for future rate increases. On January 25, the Bank of Canada (BoC) raised its overnight lending rate by 25 basis points to 4.50%. Although that was the…
2022-2023 GTA Housing Market Review & Forecast
Overview: a look back at the 2022 GTA housing market and predictions for 2023. Topics include home sales, prices, inventory, interest rates, inflation, mortgages and more. 2021 saw a buying frenzy due to record-low interest rates. 2022 saw a sharp drop in home sales and prices after multiple rate hikes….