Toronto Councillors are about
to vote on a tax that will cost the average
person an additional $4,200 upfront, or more,
when they purchase a home. The vote is on
a 100% increase in land transfer taxes.
Visit our website to find out what the tax will cost you and
then email the Mayor and City Councillors.
It’s Just Not Fair!
• A second land transfer tax
on top of the current provincial
land transfer tax – a double
whammy.
• Less money available for a down
payment.
• Less money for new furniture,
appliances or renovations.
• Homes for sale in Toronto would
be less marketable than those
outside of Toronto. This could
impact your property value.
A recent email from a concerned citizen
to Mayor Miller and City Councillors.
Dear Mayor Miller,
I’m a single, 26 year-old...I have
worked extremely hard, saving
virtually every penny so I could
fulfill my dream of being a homeowner.
The extra costs involved
have made it impossible for me to
afford purchasing a home of my
own. I believe this new homebuying
tax to be extremely unfair
for every hard-working Torontonian.
www.nohomebuyingtax.com
Residential Real Estate Sales. Listing-Buying, Renovating, Additions, Custom New Build.
Tuesday, 10 July 2007
Friday, 6 July 2007
Best June Ever!
Best June Ever!
July 6, 2007 -- Last month the Toronto Real Estate Market recorded 10,451 sales for the best June performance ever, Toronto Real Estate Board President Donald Bentley announced today. "June's figure was up almost 20 per cent over the 8,730 sales recorded during the same month in 2006, and down only slightly (six per cent) from May's best-ever figure of 11,146 sales. To get some idea of the current strength of the market: there have been more sales in the last two months (21,597) than occurred in all of 1977 (20,512), thirty years ago this year."
While the sales pace remained brisk, average prices declined marginally (less than one per cent) from May to $381,963. The year-to-date average was $373,719, up five per cent over the first six months of 2006 ($356,977).
"Price increases remain only modest," noted the President. "Inventory, at 21,789, is robust enough to keep a lid on upward inflation. The current market is still accessible to first-time buyers, and should continue in this mode for the foreseeable future."
Breaking down the total, 3,936 sales were reported in TREB’s 28 West districts and averaged $356,513; 1,819 sales were reported in the 14 Central districts and averaged $513,491; 2,248 sales were reported in the 23 North districts and averaged $406,565; and 2,448 sales were reported in TREB’s 21 East districts and averaged $302,558.
July 6, 2007 -- Last month the Toronto Real Estate Market recorded 10,451 sales for the best June performance ever, Toronto Real Estate Board President Donald Bentley announced today. "June's figure was up almost 20 per cent over the 8,730 sales recorded during the same month in 2006, and down only slightly (six per cent) from May's best-ever figure of 11,146 sales. To get some idea of the current strength of the market: there have been more sales in the last two months (21,597) than occurred in all of 1977 (20,512), thirty years ago this year."
While the sales pace remained brisk, average prices declined marginally (less than one per cent) from May to $381,963. The year-to-date average was $373,719, up five per cent over the first six months of 2006 ($356,977).
"Price increases remain only modest," noted the President. "Inventory, at 21,789, is robust enough to keep a lid on upward inflation. The current market is still accessible to first-time buyers, and should continue in this mode for the foreseeable future."
Breaking down the total, 3,936 sales were reported in TREB’s 28 West districts and averaged $356,513; 1,819 sales were reported in the 14 Central districts and averaged $513,491; 2,248 sales were reported in the 23 North districts and averaged $406,565; and 2,448 sales were reported in TREB’s 21 East districts and averaged $302,558.
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