In September 2023, the City Council of Toronto approved imposing a Luxury Land Transfer Tax, starting January 1, 2024. The City mentioned that the new Land Transfer Tax provisions will help alleviate the City’s existing financial difficulties...
If you want to buy or sell a luxury home in Toronto, contact Casey Ragan at 416-486-5588 or by email at [email protected]
Casey Ragan
“Toronto’s Luxury Real Estate Authority”
Toronto Luxury Homes
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High borrowing costs and uncertain economic conditions continued to weigh on Toronto home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the mar...
Many people assume that selling a home in the winter is not the most ideal, but this perspective overlooks the unique opportunities that the season can bring. Far from being a liability, the winter months offer specific market dynamics that can...
As Canada's housing market continued to wrestle with the challenges of elevated mortgage rates, uneven economic performance and intense geopolitical turbulence, reviving luxury single family home sales in the third quarter of the year revealed ...
Lack of affordability and uncertainty remained issues for many would-be home buyers in Toronto in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.
Reco...
The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on Toronto luxury home sales in September. However, despite the market being better-suppli...
Higher borrowing costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained v...
Here is some positive news in the mortgage world that will be well received (especially for the variable rate mortgage holders).
Rate Hikes Are Definitely Off The Table
The Canadian economy weakened surprisingly more in th...
Purchasing a Toronto luxury home is one of the most significant investments and decisions many Toronto luxury homebuyers will make. However, prospective Toronto luxury homebuyers are often faced with choosing between a new or resa...