As of January 1st, unless homeowners qualify for one of the exemptions, Toronto residential properties that are vacant for a total of more than six months in a calendar year may be liable to the new Vacant Home Tax (VHT) imposed by the city. The VHT was established to increase the city's housing supply. If you are a homeowner, you may have already received your VHT Declaration form in the mail. It's a yellow sheet, and takes a few minutes to complete.  What You Need To... [read more]

 As we welcome February 2023, The Toronto Real Estate market has again proven to be more resilient than expected at the beginning of the year. In addition, the past few weeks have seen an increase in the number of buyers and investors who have been patiently observing the market for a while and are now considering or making plans to enter the market. It will be interesting to see buyer activity in the upcoming weeks, as the market seems to be stabilizing and as we enter the spring market.... [read more]