Foreign Buyer 15 Percent Ontario Tax Explained Answers to Questions

Ontario Fair Housing Plan

Mr. Stephen Shub a well known Real Estate Lawyer came into our Harvey Kalles Office to tell us about ‘Foreign Buyers’.  Here is his handout, along with quizzes. The Answers are at the very bottom. ANSWERS: No Yes No No Yes Yes Yes No No Yes and No Yes Must pay the whole 15% tax Yes No (a) True (b) True … Read More

June 2017 Toronto & GTA Housing Market TREB

Harvey Kalles July 201.7 Newsletter Cottage Muskoka

JUNE 2017 – Inventory Increasing! As the Dog Days of the Hot Summer have started, the Real Estate Market in Toronto and GTA, is experiencing a Cool Down in some respects.  For June 2017, the volume of new listings has increased since the Ontario Government made their announcement on their Fair Housing Plan.  Yet, the number of Sales has dropped … Read More

How to Fight City Hall Land Transfer Tax Hike

City of Toronto Land Transfer Tax

The Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA) are fighting a City of Toronto proposal that would increase land transfer taxes on homebuyers. TREB has launched a website to shed light on the proposed changes, which it says could add thousands of dollars in upfront tax for some home buyers. TREB also released the results of … Read More

Tips and How to De-stress from your Technology

De-Stress From Your Tech

Do unanswered Emails and Texts keep you awake at night? Although technology allows us to be more connected than ever, the urge to stay in touch with the world, regardless of the hour, can impair our physical and mental health. Here are some Tips to help you take the stress out of your technology. The information examines the five common issues … Read More

Oldest existing Buildings Landmarks and Historic Structures in Toronto Ontario

Old Toronto City Hall Wikipedia

Toronto a City full of Landmark Treasures Ever wonder about some of the oldest existing buildings and structures in Toronto, Ontario?  Well, Wikipedia created a list of them that were constructed before 1920. The red-brick Gooderham Building is a recognizable historic landmark of Downtown Toronto located at 49 Wellington Street East. On the eastern edge of the city’s Financial District (east of … Read More

Toronto and GTA Average Sale Price – December 2016 Real Estate News

Harvey Kalles Real Estate Dec. 2016

DECEMBER 2016 REAL ESTATE MARKET NEWS High Demand and Low Inventory Demand for Home Ownership remains Strong.  Stricter Lending Rules are not deterring Buyers.  The Market is not Slowing Down.  Prices are Rising – Still.  Inventory is Low.  Record Sales in one calendar year has been set.  Condo Market exploding.  Toronto is a Great City.  Clean City. Diversified City.  A Place you want … Read More

Toronto Land Transfer Tax increase and TREB concerns

City of Toronto Land Transfer Tax

The Toronto Real Estate Board concerns – Toronto Land Transfer Tax increases News Release from TREB November 25, 2016 The Toronto Real Estate Board is raising concerns over proposed Toronto Land Transfer Tax changes. These proposed changes will increase costs for all Toronto home buyers, but impact first-time buyers the most. This TLTT proposal comes at a time when housing affordability in … Read More

Toronto and GTA Average Sale Price – November 2016 Real Estate News

Harvey Kalles November 2016 Newsletter

NOVEMBER 2016 REAL ESTATE MARKET NEWS This market doesn’t seem to be affected by the new Mortgage Rules that were put into effect last month. Condo Apartments, being the most affordable home type in the GTA and City of Toronto is most in demand. Prices were up by almost 13%. High Home Prices and Low Inventory Even with these new Mortgage Rules … Read More

HST REBATE FOR NEW HOMES AND CONDOS

Don’t forget about the new home HST rebate End of year usually means gathering up all of your receipts and making sure you take all of your permitted tax deductions. If you or your clients have purchased a new home or condominium in the past two years, you may have an HST rebate coming to you. Here’s why: If you … Read More

October 2016 New Mortgage Rules Toronto and GTA Average Sale Price Market

September 2016 News Harvey Kalles Real Estate Toronto New Mortgage Rules

October 2016 New Mortgage Rules in effect With the new Release of Mortgage Rules effective October 17th this year, the Federal Government is merely being conservative in Buyers now having to qualify for a Mortgage based on Bank’s Posted 5 year fixed rate of 4.5% instead of the Bank’s Discounted rate of $2.5%.  This is to make sure that applicants can … Read More