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Posts Tagged: land transfer tax

September 2017 Market Watch

For this month’s episode of Market Watch we will be talking about what the September market looked like. The Toronto Real Estate Board (TREB) released their market watch report for the last month and we’re going to discuss the numbers. 2017 is almost over, with roughly three months to ago. In contrast to last month… Read more »

Toronto Land Transfer Tax Changes

  The City of Toronto has approved changes to the Toronto Land Transfer Taxes, increasing the costs associated with the tax. This affects those whose closing dates are on March 1st or later. Added an additional LTT of 0.5% of the value of a residential or non-residential property from $250,000 to $400,000 (an additional $750)… Read more »

Land Transfer Tax Refunds for First-Time Homebuyers

First time homebuyers are eligible for all or part refund of the land transfer tax. As of recent, the refund amounts are now a maximum of $4000, which is double the previous maximum of $2000. In order to qualify, a list of requirements have been constructed: The purchaser must be at least 18 years of… Read more »