First Time Home Buyers Could Save up to $4,000
Roch St-Georges 6 years ago

Thanks for the Provincial Government First Time Home Buyers who are purchasing a property in Ontario will have no tax to pay on the first $368,000 of the purchase price of their home.

Beginning January 1st 2017 first time home buyers can obtain a $4,000 refund on applicable land transfer tax at the time of purchasing their first home. Those purchasing a property greater than $368,000 would be able to receive a maximum refund of $4,000.

To claim a refund the purchasers must be at least 18 years...
Cooling Down the Hot Ontario Real Estate Market?
Roch St-Georges 7 years ago

It's no news that Ontario home prices are soaring at rapid speed. With homes in Toronto averaging 1.2 million the Ontario Premier will be introducing a 15% non-resident tax that is hoping to slow down the heated real estate market. Foreign investors make up about 5% of the current buyers. This new 15% tax on foreign investors is modelled on BC's similar tax in Vancouver. Wynne's new tax would affect sales around the Greater Toronto Area and not areas surrounding the Nation's Capital.

The real e...
Landlords Want to Prohibit Tenants from Growing Marijuana
Roch St-Georges 7 years ago

An increase number of landlords want to prohibit their tenants from growing marijuana plants in multi-family, condominiums and other rental units. Under the proposed Cannabis Act which was introduced in the House of Commons only last week people over the age of 18 would be able to grow up to 4 plants at home provided they are not taller than 100 centimetres.

The Canadian Federation of Apartments Associations believes people should only be able to grow marijuana in single-family homes that they...
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