TrueCondos.com – The Best Source for Toronto Condos

Provincial Land Transfer Tax Rebate for First Time Buyers in Ontario

The province just announced a new tax rebate for first time buyers in Ontario. Well, it is not exactly new, because the program previously existed for new homes and condos, but now the program will apply to resale homes and condos as well. The province will rebate up to $2000 for all first time buyers on the provincial land transfer tax portion of the purchase. Great news for first time buyers and another great reason to get into the market in Toronto if you are not already.

See my post about this subject at blogTO.com or please contact me if you would like more information or call the provincial government’s hotline at 1-800-263-7965.

Continue reading...

TD to Pay Land Transfer Tax Too!

It has only been a week since the news came out the BMO would be offering a program designed to eliminate the sting of Toronto’s new land transfer tax, and now TD has announced a similar program for home buyers in Toronto. If you are planning on buying a house in the next few months and you are facing the new land transfer tax, you may qualify for TD’s program to have your tax paid for.

Contact me today if you would like more information on this great offering from TD Canada Trust.

Continue reading...

BMO Offers to Pay Land Transfer Tax

In response to the public outcry regarding Miller’s new taxes, BMO is offering a promotion in which they will pay the city’s new land transfer tax for buyers. Of course certain restrictions apply including you must switch your primary bank account to BMO if it is not there already. However, if their interest rates are competitive with other banks, this could save buyers around $4000 on the average property in Toronto.

This is a smart move and I’m sure other banks will follow with copycat type promotions as the reality of the land transfer tax looms nearer.

For more information about this promotion please contact me.

Continue reading...

Trump Touches Down in T.O.

Donald Trump was in town today for the ground breaking ceremony for his Trump International Hotel and Tower, defying many critics and real estate insiders who wondered if the project would ever see the light of day.

Like what you see? Read the rest at blogTO.com.

Continue reading...

The Smallest House in Toronto

The Globe and Mail had an article this week about the tiniest house in Toronto. The house is for sale and the current owner only bought the house a few months ago. He renovated the 300 squarefoot cutey and is hoping to make a quick profit. With all the free publicity he is surely going to receive from the Globe and Mail article, I’m sure he will have no trouble selling it, even though some walk-in closets are larger than this home!

Continue reading...

Globe and Mail: Condo Market Shows no Signs of Slowing

Check out this interesting article from the Globe and Mail on the Condo Market in Toronto.

Read it here.

Continue reading...

Thinking About Buying a House? David Miller Says Think Again

Despite a tremendous outcry from the public and special interest groups, it looks like David Miller has gained the necessary approvals for his controversial new land transfer tax. What does this mean to prospective home buyers? To put it simply, on an average home purchase in Toronto of $400,000, the land transfer tax portion of your closing costs just jumped from $4500 to $9000. This doubling of the effective tax rate will raise the city an extra $300 million per year.

Like what you see? Read the rest at blogTO.com.

Continue reading...

The Toronto Real Estate Board Sets a New High

Remember how I said April was the best month ever on record for the Toronto Real Estate Board? Yeah well, I have to retract my blog post because May completely and totally obliterated the record set by April.

Like what you see? Read the rest at blogTO.com.

Continue reading...

April the Best Month Ever: Toronto Real Estate Board

It’s dog eat dog out there. The Toronto Real Estate Board just announced that April was the best month ever recorded for sales with 9542 sales. April 30th was said to be the best single day ever with 581 reported sales. With four months gone by so far, 2007 is 5% ahead of last year’s pace for sales. Wow.

Like what you see? Read the rest at blogTO.com.

Continue reading...

Kazakhstani Developer Unveils Plans for ‘International Icon’ at Yonge and Bloor: You Like?

Yesterday morning, to a surprisingly large gathering of the local media at Panorama, Bazis International revealed its plans for an 80-storey condo tower at Yonge and Bloor. The name for the project? Quite simply, 1 Bloor.

Like what you see? Read the rest at blogTO.com.

Continue reading...