Understanding Toronto's Proposed Property Tax Increase: What It Means for You The City of Toronto is looking at a 6.9% property tax increase this year to support its $18.8-billion budget for 2025. This hike includes a 5.4% rise in residential property taxes and an additional 1.5% increase in building levy fees. For the average homeowner, this means an extra $210 on your annual bill, plus another $58 to fund improvements in transit and housing. Here’s what’s going on and... [read more]

Assignment sales have become an increasingly popular topic in the real estate market, especially in Ontario. But what exactly are they, and how do they work? Here, we’ll answer some of the most frequently asked questions about assignment sales in Ontario. What is an Assignment Sale? An assignment sale is a type of real estate transaction in which the original buyer (the “assignor”) sells their rights and obligations under the original purchase agreement to a new buyer... [read more]

Condo Fees Explained: What You Need to Know Before Buying If you’re considering buying a condo, understanding condo fees is essential. These fees play a vital role in maintaining the building, funding amenities, and ensuring the long-term value of your investment. Whether you’re a first-time buyer, an empty nester, or simply looking for a low-maintenance lifestyle, knowing what condo fees cover and how they’re calculated can make your decision-making process much... [read more]

Breaking Down the Costs of Selling Your Home in Canada Selling your home is an exciting milestone, but it comes with a variety of costs that homeowners should understand before listing their property. From real estate fees to legal expenses, knowing what to expect can help you budget and ensure a smooth transaction. Here’s a detailed breakdown of the typical costs of selling a house in Canada, so you can plan with confidence. Costs to Expect When Selling a House in Canada When... [read more]

Understanding the Differences: Duplex, Triplex, and Multi-Residential Properties (4+ Units) Investing in residential real estate comes in many forms, but choosing between a duplex, triplex, or multi-residential property with four or more units can significantly impact landlord responsibilities. Whether you’re new to real estate investing or looking to expand your portfolio, understanding these differences will help you make informed decisions. Property Definitions Duplex: A... [read more]