Land Transfer Tax in Toronto – A Short History
Up until April of 1974, Ontario didn’t have a significant land transfer tax. Then, our (Conservative) government of the day gently introduced LTT to property buyers. April 10th, 1974: 0.3% up to $35,000.00, and 0.6% on the balanceAverage house price was $52,806.00Average LTT was $211.84. Five years later, it got worse. April 11th, 1979: 0.4% […]
11 Ways Buyer Agents Can Win in the New Market
The real estate boom is over for the time being! Seller psychology has moved from greed to fear. No more 10, 20, 30 offers on a property, and no more sale prices hundreds of thousands of dollars over asking. The buyers have the edge, and as long as they have a competent agent, they can […]
Agents Trading in Unfamiliar Areas
It is said that fear and greed are the primary motivators. The real estate market suffered a hit from COVID-19 in 2020, but it didn’t last. Until March of this year, greed and FOMO prevailed in the real estate market in the GTA and elsewhere. Buyers were lining up to pay huge sums in multiple […]
