Overview: an international buyers guide to Toronto real estate, with advice on taxes, mortgages, rebates, down payments, location, property types, and more. Then you’ve come to the right place. This guide will walk you through everything you need to know, from basics such as who can buy real estate in…
Tag: first time home buyers
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…
Canada’s Vacant Home Tax & Foreign Buyer Ban [Updated]
Overview: a look at Toronto’s Vacant Home Tax (VHT) and Canada’s Foreign Buyer Ban, plus their impact on home sales, prices, inventory and more. Two of the biggest include Toronto’s Vacant Home Tax (VHT) and The Prohibition on the Purchase of Residential Property by Non-Canadians Act. The goal of both…
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….
Canada’s Immigration & Toronto’s Luxury Real Estate Market
Overview: a look at the impacts of record immigration on Toronto’s luxury real estate market in 2022, including on sales, prices, houses and condos. I recently sold a $3.4 million penthouse. That sale speaks to a wider demand for luxury real estate in Toronto—a demand that will only grow with…