Homeownership Advice

Is Toronto's real estate market cooling off?

Posted on Jan 05, 2023 in Homeownership Advice

For the past few years, Toronto's real estate market has been incredibly hot, with high demand and soaring home prices. However, recent data suggests that the market may be starting to cool off.

According to statistics, the number of homes sold in the Toronto area has declined in recent months, with a significant drop of 20% in both August and Septe...

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Toronto Vacant Home Tax in Effect January 1, 2023

Posted on Dec 29, 2022 in Homeownership Advice

The City of Toronto's Vacant Home Tax (VHT) is a policy implemented by the city of Toronto in an effort to address the issue of housing affordability and to encourage the use of under-utilized housing units by increasing the supply of housing in the city. The tax takes effect January 1, 2023 and applies to all Toronto residential properties that ar...

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New Short Term Rental Regulations in Toronto

Posted on Dec 22, 2020 in Homeownership Advice

Renting your property in Toronto, has just become a little bit more complicated. If you currently have a short term rental property or are planning on investing in one in the future, read up as Toronto has introduced new rules for AirBnB and other short-term rental platforms.

Short-term rental operators are people renting their homes or rooms on a...

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