By: Dharmendra Dholakiya

Ontario secondary suite - Where your Home Stands?

Tags: Ontario secondary suite research study

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By: Dharmendra Dholakiya

Will new principal residence reporting will help CRA home in on flippers ?

Tags: CRA eying on flippers

Reporting the sale of your principal residence for individuals (other than trusts) On October 3, 2016, the Government announced an administrative change to Canada Revenue Agency's reporting requirements for the sale of a principal residence. When you sell your principal residence or when you are considered to have sold it, usually you do not have to report the sale on your inc...Read More

By: Dharmendra Dholakiya

Changes to Toronto LTT APPROVED - Effective March 1, 2017

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Land Transfer Tax

 

For further details call Now:  416-834-6208  or email to:  istayproperty@gmail.com

IMPORTANT Changes to Toronto LTT APPROVED - Effective March 1, 2017 February 16, 2017 -- City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT. Click here to see the detailed City of Toront...Read More

By: Dharmendra Dholakiya, Broker. Remax/crossroads realty inc., brokerage

MONTHLY RESALE HOUSING MARKET FIGURES

Tags: GTA REALTORS® RELEASE MONTHLY RESALE HOUSING MARKET FIGURES

source: Toronto Real Estate Board (TREB)...Read More

By: Dharmendra Dholakiya

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Canadian property searches from U.S. way up after Donald Trump elected
 

By TESS KALINOWSKIReal Estate Reporter, TORONTO STAR Fri., Jan. 20, 2017           The election of Donald Trump to the U.S. presidency has created a surge in Americans eyeballing Canadian property. But don’t expect an influx of U.S. real estate buyers north of the border, said Phil Soper, CEO of Royal LePage. There may be more interest...Read More

By: Dharmendra Dholakiya

Increase in Homeowner Mortgage Loan Insurance Premiums

Tags: HOME MORTGAGE LOAN INSURANCE

CMHC is increasing its homeowner mortgage loan insurance premiums as a result of our regular review of insurance products and to reflect the new OSFI Capital Requirements for Federally Regulated Mortgage Insurers that came into effect on January 1, 2017. The new premiums are effective March 17, 2017 and will result in an increase of approximately $5 to the monthly mortgage payment of th...Read More