Paul Finley Real Estate

03/02/2024

Toronto could implement new speculation tax on foreign homebuyers starting next year
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Toronto city council is considering a new tax on foreign buyers of residential properties. The proposed Municipal Non-Resident Speculation Tax (MNRST) would add 10% to the purchase price starting in January 2025. The tax aims to discourage real estate speculation and generate revenue for the city. E...

02/29/2024

Cash for Keys on the Rise in Toronto: What You Need to Know

02/28/2024

Toronto home sales and prices are set to surge again and experts are raising alarm bells
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Toronto's housing market is expected to rebound in 2024 after a year of low sales. The Toronto Regional Real Estate Board predicts higher sales and prices compared to 2023. However, affordability remains a concern due to a lack of housing supply. The board emphasizes the need for increased supply, l...

02/27/2024

Got questions about Toronto's big proposed property tax hike? Here's what we know
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Toronto city staff proposed a 10.5% property tax increase, warning it could climb to 16.5% without federal funding. The increase is needed to combat a budget shortfall and maintain city services. The proposed hike is subject to debate and consultation before the final vote in February.

02/26/2024

Affordability Struggle: Toronto's Taxing Year

02/25/2024

Toronto's real estate market is getting competitive again and experts say it will get worse
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Toronto's housing market saw a surge in activity in January 2024, with a 37% increase in home sales compared to the previous year. Despite this, average home prices have decreased slightly. The market is expected to tighten, leading to potential price growth in the coming months. However, affordabil...

02/24/2024

A Tapestry of Housing Market Trends in East-end Toronto
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02/22/2024

Proposed Gentrification Tax in Toronto

02/21/2024

FEDERAL GOVERNMENT ANNOUNCES OVER $230 MILLION IN FINANCING FOR NEW RENTAL HOMES IN TORONTO
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02/20/2024

Chow says tax hike will be lowered for some Toronto properties to make sure renters don't see big increases
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02/20/2024

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Have questions about real estate but not sure where to start?

Have questions about real estate but not sure where to start?