by The Baldwin England Team | Oct 13, 2023 | Market Updates
Market Insight for October 13 Owners of housing units that are sitting empty will soon have to pay more, with Toronto city council voting Wednesday to hike the vacant home tax from one to three per cent of a property’s assessed value. The measure, which takes aim at...
by The Baldwin England Team | Sep 29, 2023 | Market Updates
Market Insight for Sep 29 Soaring interest rates are inducing anxiety in nearly half of Canadian homeowners for whom mortgage renewal looms. Interest rates have risen from 0.25% to 5% in 18 months. Twenty percent of homeowners “worry all the time” about their ability...
by The Baldwin England Team | Sep 22, 2023 | Market Updates
Market Update for Sept 22 On a monthly basis, average home prices fell in six Canadian cities and increased in four urban markets in August, according to a new market survey by Ratehub.ca. “Mortgage rates continued to increase slightly from July to August 2023 with...
by The Baldwin England Team | Sep 8, 2023 | Market Updates
Market Insight for Sept 8 The City of Toronto will implement new Municipal Land Transfer Tax rates of up to 7.5% on high-value homes as it looks to potentially increase the Vacant Home Tax to 3%. On Wednesday, the City of Toronto approved an updated long-term...
by The Baldwin England Team | Sep 1, 2023 | Market Updates
Market Insight for Sept. 1 At just the moment when more housing is desperately needed, three dozen condo buildings, adding up to more than 8,000 units, have been delayed in the GTHA (Greater Toronto and Hamilton Area) — many in more affordable communities — due to...
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