JUST SOLD! 5 FLEMINGTON CRT
Congratulations to our buyer clients who just bought this newly renovated home in Whitby!
Gorgeous 4-level backsplit! This home has just undergone a complete renovation from front to back in 2020! Located on a quiet court in sought after West Lynde. Huge 50 X 166 foot lot. 5 minutes from the 401, Go Train & shopping.
JUST SOLD! 124 BROOKLYN AVE
Congratulations to our buyer clients who just purchased this beautiful Victorian home on one of the best streets in Leslieville!
Tons of character with a sun drenched main floor featuring hardwood floors, high ceilings, crown moulding and a main floor family room. Two and a half storeys with three spacious bedrooms, a professionally landscaped garden and two car parking! Steps to Queen Street East and all the best that Lesieville has to offer!
WHAT TO CHECK ON YOUR FINAL PURCHASER VISIT
When you purchase a home in Toronto, your Realtor will likely include at least 2 purchaser visits in the agreement of purchase and sale to occur before you close on the property. These visits can be used to make sure furniture fits, bring your family to see your new home, select paint colours, etc. You should plan to do your final purchaser visit a day or two before the closing date to ensure that everything is in order. Your Realtor will attend the purchaser visits with you and can help to answer any questions you might have. Now remember, you don’t own the home yet so there is a good chance that you will see moving boxes scattered around and the place might seem to be in disarray. This is normal (within reason). If your final purchaser visit takes place a day before closing and the house is full of garbage, no furniture has been moved and there is a car in the driveway with no tires on it, your realtor should definitely investigate further as it’s not likely that all of this will be resolved in one night.
Here is a list of things to look for during your final purchaser visit:
• Inspect ceilings, walls and floors for any damage that did not exist at the time you made your offer
• Turn on and off every light switch
• Test heating and air conditioning
• Test any exhaust fans
• Test all appliances
• Open and close all windows
• Test all of the outlets
• Check around all visible piping for leaks
• Run sink and tub water. Flush toilets
• Test the garage door opener
• Check for things that you thought would be included (appliances, light fixtures, etc)
Municipal Land Transfer Tax – Will The Rest Of Ontario Follow In Toronto’s Footsteps?
ONTARIO GOVERNMENT ONE STEP CLOSER TO ALLOWING DOUBLING OF LAND TRANSFER TAXES ON HOME BUYERS PROVINCE-WIDE
Provincial government looking to extend power to all municipalities to charge unfair, unsustainable Municipal Land Transfer Tax despite public opposition and election promise
Toronto, ON, Oct. 27, 2015 – The Ontario Ministry of Municipal Affairs and Housing has indicated that they are going to make buying a home even harder by giving every municipality province-wide the power to charge a Municipal Land Transfer Tax (MLTT), a change that will double the land transfer taxes consumers have to pay on their next home. The Ontario Real Estate Association (OREA) encourages all Ontarians to visit www.donttaxmydream.ca to learn more about the negative impact of the MLTT and stop this tax from spreading province-wide.
“Ontario home buyers are already charged a provincial land transfer tax, so by adding a municipal tax, they’re essentially doubling the tax burden on Ontario families,” said Patricia Verge, president of OREA. “If the Ontario Liberals follow through with this plan, home buyers will be forced to pay $10,000 in total land transfer taxes on the average priced home in Ontario, starting as early as next year.”
Broken election commitment doubles tax on home buyers
The provincial government is currently undertaking a public consultation on changes to the Municipal Act. Despite the fact that the period for public comment is still open until October 31, 2015, the Ministry of Municipal Affairs and Housing has indicated that they will move ahead with granting municipalities across the province the ability to impose a municipal land transfer tax, disregarding views expressed by Ontarians during this important public process.
Verge said that, “The Ontario Liberals wrote to us in May 2014, during the election, stating that ‘they had no plans to extend these powers to municipalities’. On behalf of home buyers, we want them to remain good on this election promise and that means Ontarians need to send a strong message that the government must rethink its plan to double the land transfer tax burden on home buyers.”
In 2008, the City of Toronto put an MLTT in place after the Ontario government extended the powers to do so two years prior. The result has been significant negative impacts on jobs and the economy. Over five years, it is estimated that 38,227 housing transactions did not occur in Toronto because of the MLTT. With every home transaction generating $55,000 in consumer spending on things like renovations, furniture, appliances, and fees to professionals, the MLTT has cost the City of Toronto $2.3 billion in lost economic activity and 15,000 jobs. This type of effect would be multiplied across Ontario if the government moves ahead with its plans.
New data from Ipsos Reid show Ontarians do not support new tax
A new Ipsos Reid poll shows that the overwhelming majority of Ontarians (89 per cent) outside of Toronto oppose a new MLTT charged on home purchases in their area. Respondents agreed that if a new land transfer tax were put in place, it would limit their ability to afford a home (77 per cent) and they would likely have to delay a purchase (75 per cent). Ontarians agreed (77 per cent) that the government should do all it can to help families own their own home.
Methodology
These are some of the findings of an Ipsos Reid poll conducted between August 28 to September 8, 2015, on behalf of the Ontario Real Estate Association. For this survey, a sample of 1,501 Ontarians from Ipsos’ Canadian online panel was interviewed online. Weighting was then employed to balance demographics to ensure that the sample’s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within +/-2.9 percentage points of what the results would be had all adults in Ontario been surveyed.
For more information, please contact:
Ontario Real Estate Association
Katarina Markovinovic
Manager, Media Relations
Phone: (416) 445-9910 Ext 615
Email: katarinam@orea.com
Counsel Public Affairs Inc.
Derek Mletzko – (416) 920-0716 x212; dmletzko@counselpa.com
or
Lindsay Broadhead – (416) 920-0716 x210; lbroadhead@counselpa.com
Source: www.donttaxmyream.ca
SAY NO TO THE TAX CLICK HERE
