The Ontario Government is implementing new tax measures to help cool the housing market in the GTA. On Thursday morning April 20th, 2017 the Ontario government announced a 15% tax called the Non Resident Speculation Tax (NRST). The NRST affects the purchase or acquisition of real property in the Greater Golden Horsehoe (GGH) by foreign buyers, corporations, non-residents, or non citizens of Canada. This change follows British Columbia's 15% Foreign Buyers Tax that was implemented last August to cool down the red hot real estate market in B.C. and Vancouver. Homebuyers and residents in Toronto have long been voicing their ...
BREAKING: Ontario Unveils New Changes To Cool Down Housing Market
April 20, 2017
Tax Fairness For Realtors
March 15, 2017
Lawyers can... Accountants can... Mortgage brokers can... REALTORS® CAN'T. It's time to treat REALTORS® fairly. Personal Real Estate Corporations are allowed in British Columbia, Alberta, Saskatchewan, Manitoba, Quebec and Nova Scotia, but are not allowed in Ontario. It's time to permit Personal Real Estate Corporations in Ontario. Click Here and Tell your MPP to support the Tax Fairness for Realtors Act, 2017.
Toronto Ranked One Of The Top Cities In The World For Quality Of Life
March 15, 2017
We all love our great city, in fact we think it's one of the best cities in the world! There are many factors in place that have contributed to the rise and continued success of the Toronto real estate market, and we are certain that Toronto being named one of the top cities in the world year after year is one of them. Mercer consulting firm has released their annual Quality Of Living Ranking and Toronto makes the top cities in the world for quality of Living! Out of the 231 cities included in the report Toronto tied with Melbourne for ...
Important Changes To Toronto Land Transfer Tax
February 22, 2017
IMPORTANT Changes to Toronto LTT APPROVED - Effective March 1, 2017 City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT. Click here to see the detailed City of Toronto Notice on the "original" proposed changes posted in December 2016 (NOTE: changes made to original proposals as per below). Status The following changes to the Toronto Land Transfer Tax were considered and approved by Toronto City ...
Welcome to Soltanian Real Estate Inc. Brokerage's Blog
February 19, 2017
Welcome to our Blog! We are excited to share our knowledge about the Toronto Real Estate market with you all! Look out for our blog posts regularly to get updates on all things real estate.