Foreign Buyer Speculation Tax Increase
The Government of Ontario announced amendments to the Non-Resident Speculation Tax (NRST). The NRST applies to the transfer of land that contains at least one and no more than six single family residences. The NRST applies to: Individuals who are not Canadian citizens or permanent residents of Canada Foreign corporations or taxable trustees. The NRST […]
State of Emergency & Real Estate
The State of Emergency does not significantly impact real estate, as it continues to be an essential service. Live/in-person public open houses are prohibited, but Realtors may continue to help clients sell and buy homes. Impacts on Real Estate Short-term rentals for recreational purposes are effectively closed. If a booking was made prior to January […]
Helping Clients Win in a Competitive Market
Here’s what one of our recent buyers had to say about his experience: “That without the guidance and advice from Scott and Sue Masterson, I would not have been successful in purchasing my home. The work they put in and suggestions they made are what put me in the position to have the best offer […]
Seniors’ Home Renovation Tax Credit
On November 5, the 2020 Ontario Budget addressed the well-being of seniors. The Province committed to creating a Seniors’ Home Safety Tax Credit. This fully refundable credit for the 2021 tax year aims to keep seniors safe, create jobs, and generate economic activity. The credit will be worth 25% of up to $10,000 in expenses […]