Toronto Real Estate
This website is designed to help you find answers to your questions about real estate in Toronto. Whether you live in our great city or are planning to relocate, you will find here information about the real estate market, and about homes, condos and lofts available for sale.
Access to Toronto Real Estate website provides links to Toronto MLS listings, as well as select neighbourhood information. You can request photos and listings of suitable properties. You can also find out about real estate financing options for both residential and investment purchases, learn about Toronto schools and check out what Toronto has to offer.
New Toronto Land Transfer Tax
On October 22, despite much opposition and lobbying from Toronto Real Estate Board and its many members, Toronto City Council approved a new land transfer tax. That tax will take effect on February 1, 2008.
The new tax will be in addition to the provincial land transfer tax, and will be calculated as follows:
- 0.5% of the purchase price of all types of properties up to $55,000
- 1.0% of the portion of the purchase price of all types of properties above $55,000, up to and including $400,000
- 2.0% of the portion of the purchase price of single family homes and duplexes exceeding $400,000
- 1.5% of the purchase price of commercial properties, including multi-residential units, above $400,000 up to $40,000,000
- 1.0% of the portion of the purchase price of commercial properties exceeding $40,000,000
First time buyers purchasing new and resale residences will receive a rebate of $3,725. That means a purchase up to and including $400,000 by the first time buyer will be tax-free. But the tax will have to be paid on closing, and the first time buyers will have to fill in a form and apply for a refund.
All agreements signed before December 31, 2007 will be eligible for a full refund of the new land transfer tax, even if the closing happens after February 1, 2008.
All agreements signed after December 31, 2007, but closing before February 1, 2008 will also be eligible for a full refund.
All agreements signed after December 31, 2007, and closing after February 1, 2008 will be subject to the new tax.
Real Estate Tastes Change
Whether you are planning to sell your home and considering some changes to make it more attractive to prospective buyers, or thinking of updates to your residence, it might be worthwhile to consider present trends in home exteriors and interiors.
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Victorian homes in Toronto
Among many styles of older homes in Toronto, Victorian homes enjoy great popularity. The reasons for Torontonians' love for Victorian homes are many: extraordinarely high ceilings, beautiful woodwork, detailed finishes and lovely stained glass being the ones that immediately come to mind.
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Known for their old-time charm and graceful beauty, today Victorian homes may need more renovation than a casual look will show. Although built in times when tradespeople took great pride in their work, not all of these homes were built for wealthy owners, and, therefore, not all of them were constructed to high standards using high quality materials.
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Home sales in Roncesvalles Village
October 4, 2007. Roncesvalles Village acquired its Polish flavour in the 1980s, when large number of Polish immigrants settled in the area and opened many stores and restaurants there. During the last real estate boom in the late 1980s, High Park real estate prices became prohibitive for first time buyers, and many young families moved into the Village. They found there pleasant and family-oriented neighbourhood, great shopping on Roncesvalles Avenue, many cafes and restaurants, easy commute downtown, and short distance to one of the most popular Toronto parks.
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Home sales in High Park
October 4, 2007. High Park neighbourhood consists of two parts: the area north of Bloor Street, which was once part of West Toronto Junction, was incorporated into the City of Toronto in 1909. The area south of Bloor Street..
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Home sales in Swansea
October 4, 2007. A very popular neighbourhood, Swansea is located south of Bloor Street, between Humber River on the west and High Park on the east. Sloping down towards the lake, Swansea residents enjoy views of tall High Park trees, waters of Lake Ontario, and nature surrounding Grenadier Pond and Humber River.
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Georgian Homes in Toronto
Toronto's history is not long by European standards - it goes back only a couple of centuries - but our city has some very interesting residential architecture. The oldest existing house in Toronto might be a log cabin dating to the 1790s, which is located on the grounds of the Guild Inn in Scarborough.
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"How do I get out of this deal?" --The 10-day Rescission Period for New Condominiums
Courtesy of Martin K.I. Rumack, 416-961-3441, e-mail
Let's say that after a grueling search, you've finally found the right condominium for you. You strike a deal with the developer, make the necessary financing arrangements with the bank, and sign on the dotted line.
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Buying a property in Toronto: Mortgage financing information for non-residents
Properties in Toronto are popular investments. Ontario has no restrictions on foreign ownership of real estate. Once you have decided to purchase in Toronto, a common question is - how do I get financing - in other words, a mortgage?
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Real Estate Websites
