The new federal legislature requiring a 10% downpayment for homes over $500,000 will cause several positive economic externalities for Georgina's real estate market.
Everyone hates tax. And even more so, everyone hates substantial increases in tax. It's no secret that real estate professionals are not supporters of excessive land transfer tax. It costs our clients more money, and it redirects the natural course of the market. Currently, Toronto is the only municipality in Ontario that has a municipal … Continue reading What Wynne’s new land transfer tax means for the real estate market.