Housing Taxes

Nov. 22, 2024

Navigating Canada’s Mortgage Industry to Buy Your Home

Whether you are a newcomer contemplating the purchase of your first home in Canada or an existing resident considering a fresh foray into Canada’s vibrant housing market, it is important to do so with a thorough understanding of the processes and procedures involved—both financial and legal—to ensure a smooth …

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Nov. 8, 2024

Want To Buy a Home In The GTA? You Can Start Here.

Given the existing market conditions, buying a home in Canada currently constitutes one of the biggest, if not the biggest, purchase an individual or a family would indulge in during their lifetime. For this and other reasons, it is important to be aware of the key considerations that go …

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Nov. 1, 2024

Will Lower Interest Rates Fix Housing Unaffordability for Homebuyers?

Last week, the Bank of Canada announced its steepest interest rate cut, slashing it policy rate by 50 basis points to 3.75 percent. With the exception of the pandemic, such a drop in the key interest rates was last seen during the height of the financial crisis in 2009.

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Aug. 16, 2024

Now Is a Good Time to Sell That Investment Property You Bought

 

Notwithstanding the overall slump in the Greater Toronto Area’s (GTA’s) real estate market, home prices—whether for a detached or semi-detached home, townhouse, or condominium apartment—have still not substantially dipped from the record highs seen during the pandemic.

Even as sales activity appreciated slightly by 3.3 percent …

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April 12, 2024

Home Sellers’ Checklist For Ensuring a Smooth Ownership Transition

Taking the decision to sell your home, and the subsequent process that follows can be long and arduous, involving considerable planning, strategizing, and execution. Whether you are a prospective home seller or home buyer, we hope that the information we have been sharing has been informative and meaningful.

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March 15, 2024

Buying a Home? Expect To Pay These Closing Costs

Deciding to become a homeowner is one of the biggest expenses an individual or a family can undertake during their lifetime. That said, housing affordability and high borrowing costs continue to be the top concerns for prospective home buyers. And even if you have managed to save up for …

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Feb. 23, 2024

TRREB's 2024 Market Outlook Offers Insights Into The Year Ahead

We are already more than halfway through the end of the first quarter of 2024, and housing activity in the Greater Toronto Area (GTA) is picking up at a faster-than-expected rate, outpacing most market predictions released last year and earlier this year.

The Toronto Regional Real Estate Board …

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Feb. 16, 2024

Home Ownership in Canada-The Different Property Taxes You Have To Pay

Buying real estate in Canada, whether it is a home, land, or commercial property has become an increasingly expensive undertaking. While housing affordability concerns, higher interest rates, and an overall economic slowdown are significant contributing factors, burgeoning housing prices across Canada are also directly correlated to the spike in …

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Feb. 2, 2024

Housing in the GTA-Detached Home Ownership

Each week, we have been sharing a brief overview of the different types of housing options available to home buyers in the city of Toronto and its suburbs. The RE/MAX Royal Team Sachdeva Realty team has over two decades of experience in the region’s real estate market, helping first-time …

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