Back in November of last year, we shared with you Mayor Rob Ford’s campaign promise to eliminate Toronto’s land transfer tax by the end of this year.
Last week, however, Toronto’s budget chief says the city cannot afford to get rid of the land transfer tax this year despite the wishes of the Mayor.
The reason given by Ford’s budget chief Councillor Mike Del Grande for not removing the additional tax is simply that the Mayor’s promise was not realistic, given the city is facing a $774-million budget shortfall.
By… Read the rest
By Eddie
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Also posted in Blog, Buyers, Real Estate News
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Tagged budget chief, Buyers, Land Transfer Tax, Market, mayor, mike del grande, rob ford, Sellers, timing, Toronto
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To remain competitive in today’s ever changing market, real estate agents cannot just rely on old methods to serve their listing clients. Sad but true, there are some part time realtors who are stuck in the past with their own idea of a real estate marketing plan. It goes a little like this:
Plant a sign in the yard.
Post on the MLS.
Pray a buyer comes along…
These 3 Ps actually worked well for a while, even without price reductions, when the market was hot. However,… Read the rest
Thinking of renovating before you sell to fetch a higher sale price? Potential home buyers are often searching for properties that are in “move-in” condition, not wanting to incur added costs or take on the inconvenience of renovating their new homes.
The top two renovated rooms for the highest return are the kitchen and the bathroom. Not to be overlooked are flooring and wall finishes. There are a few simple ways to improve and enhance these areas for the most impact without breaking the bank.
The Kitchen
The kitchen… Read the rest
Life changes on a daily basis – financial circumstances, employment situation, family/marital status, lifestyle changes – these are common factors that often influence a decision to move.
Is your choice to move optional or necessary? Does this make a difference? The Live in TO team will help you to establish if moving now is really in your best interests. By delving a little further, important questions can be answered such as: What is your motivation behind this decision? What is your goal? What are your expectations with respect to your… Read the rest
To buy first or to sell first – that is the question. It is an important decision that requires careful consideration. There are upsides and downsides for each option, which we will take a closer look at now.
Can You Afford Two Homes?
If you need to sell your house in order to qualify for a mortgage for your next home, then there really is no choice to be made. You will have to sell first. If you’re in a favourable financial position and have the ability to carry two… Read the rest
