Real Estate In Toronto
Now that the city has implemented its new land transfer tax many are wondering if real estate in Toronto is still a good investment. The answer is simply YES! The new tax came into effect early in 2008 but it will not effect everyone. For example first-time home buyers can get a full refund of the tax up to $3,725. And some financial lending institutions are using the new tax on Toronto residential real estate as a marketing tool by offering to pay it for buyers who are willing to lock-in for a five year mortgage.
This has helped eased some of the concerns that real estate in Toronto would be negatively effected by this new initiative from the City. So far the outlook for real estate in Toronto in the near future seems unchanged with healthy growth forecast for the forseeable future.
If you are looking for real estate in Toronto then you may begin your search here by using the property search below. If you have any questions regarding any real estate of interest to you or you would like more information about the market conditions for real estate in Toronto please feel free to contact Veronica Key for all of your real estate needs.
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