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Market update week ending January 19th

22 January 2024
Eileen Wylie

Have you done your declaration for your home occupancy status for 2023? The City of Toronto is reminding all residential property owners to declare their property’s occupancy status for the 2023 taxation year by February 29, 2024. As part of the Vacant Home Tax program, a declaration must be made each year, even if the owner resides at the property.

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Market update week ending January 12th

22 January 2024
Eileen Wylie

This week City Council in their 2024 budget meeting proposed a Toronto property-tax rate jump to 10.5%, the largest single-year increase since amalgamation in 1998. If the city doesn't receive $250 million in funding from the federal government an additional 6% increase could be added, resulting in a total tax hike of 16.5%.

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Market update week ending January 5th

05 January 2024
Eileen Wylie

Toronto’s latest real estate figures suggest the housing market may be amid a rebound, according to some economists, though they caution that the full impact of elevated mortgage rates has yet to play out.

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