Category: Blog

The Government of Canada has passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act that prevents non-Canadians and corporations controlled by non-Canadians from purchasing residential property in Canada for 2 years starting on January 1, 2023. The Canadian government has extended the Prohibition on the Purchase of Residential Property by Non-Canadians Act until… Continue reading Canada’s ban on foreign homebuyers comes into effect on January 1, 2023

All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023. The declaration portal is now open. Click Here to Submit Declaration An annual tax will be levied on vacant Toronto residences, payable beginning in 2023. A property is considered vacant if it has been unoccupied for a total… Continue reading Toronto Vacant Home Tax

Looking for an apartment or house to rent can be stressful. Rental prices have rebounded well above their pandemic lows and are now among the major inflation pain points for American consumers, along with food and gas prices. Several factors have contributed to the rising rents, including low housing inventories. It is a vicious cycle:… Continue reading Renting an apartment or home? Here is what real estate experts say you need to know

It may come as a surprise that not all Ontario rental units are subject to rent control. New buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018, are exempt from rent control. Click Here for Residential Rent Increase Guidelines    What Units… Continue reading Exemptions to Ontario Rent Control: The Ability to Increase Rents for New Residential Units Occupied After Nov. 15, 2018

It can be challenging to navigate the new home buying process.     We are here to help – and have compiled a few tips on purchasing a pre-construction home or condo.   1. Research your builder    The Ontario Builder Directory (OBD) is an online resource that can help you confirm if your builder is licensed… Continue reading Tips On Buying A Pre-Construction Home In Ontario