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August 22, 2008 - Land transfer tax

Photo by 'ralphbijker'

For the Buyers section of our website we have prepared a chart to help you calculate Ontario & Toronto land transfer taxes. These are payable by the buyer of a property through their lawyer upon closing of the transaction. As you may know, first time buyers do not pay the city of Toronto tax on the first $400,000 of a property purchase. We'll also give you the right formula for calculating land transfer tax.

August 21, 2008 - Home improvement costs in a nutshell

Photo by Eduardo

You have just bought your new home and found out that it needs some improvements? So you may wonder how much that new chimney or plumbing job will cost you. Well, it won't be for free, even if you're good at DIY. But the work of a skilled contractor can be even more expensive.
As the latest addition to our Buyer's Guide, we have compiled a list of possible home improvements and their estimated cost for a typical three-bedroom house.

August 17, 2008 - Housing demand in July still at 2006 level

Resale market activity has rebounded from the slump this winter, according to Will Dunning.  While sales are below the 2007record, recent activity is comparable to figures seen during 2004 to 2006 when sales averaged about 85,000 per year, Dunning points out:

"The increased resale supply is negatively affecting the new low-rise market and the outlook for house price"

New home sales improved somewhat in June. The recovery in June was centered in high rises - 2,092 actual sales equate to 21,300 seasonally adjusted. The year-to-date sales rate remains very robust at 17,200, his  Housing Market Digest report concludes.

Jill Stewart

Higher Price - Less stress.

My goal is to obtain the highest price for your property with the least amount of stress. I have a long track record of achieving this goal and the Royal LePage awards to show for it in recognition of my success.