Property Transfer Tax Increased in Toronto | Vancouver vs. Toronto Property Transfer Tax Comparison | Matt Gul
Posted on Jan 04, 2024
Luxury home buyers in Toronto will now face a substantial increase in municipal land transfer taxes, with rates escalating based on property values.
Effective Monday, the tax hike primarily impacts properties exceeding C$3 million (US$2.2 million), potentially causing a temporary slowdown in the city's luxury real estate market. This move, approved...
Canada's Foreign Buyers Ban: A Misstep in Housing Affordability?
Posted on Dec 28, 2023
In 2022, the Canadian government introduced a significant policy aimed at addressing the nation's housing affordability crisis: the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This two-year ban was designed to limit the ability of non-citizens and foreign-controlled companies to invest in Canadian real estate, with the...
