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Mandeep Toor

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Non-Resident Speculation Tax

Effective March 30, 2022, the Non-Resident Speculation Tax (NRST) rate was increased to 20 per cent and expanded provincewide. As a result, the NRST may apply on the purchase or acquisition of an interest in residential property located anywhere in Ontario by individuals who are foreign nationals (individuals who are not Canadian citizens or permanent residents of Canada) or by foreign corporations or taxable trustees.

Historic Lack of Inventory Pushes Housing Market Affordability to Worst Level in 31 Years

Temperatures may be dropping outside, but Canada’s housing market remains red-hot.

Mandeep Toor November Real Estate News Letter

Mandeep Toor November Real Estate News Letter

What to Watch for when Viewing an Older Home.

Buying an older property definitely has its advantages. The neighbourhood will already be well-established, so you’ll be able to get a sense of the community. The trees will be grown. The area will have a defined character.

Empty lot at major Brampton intersection being turned into hub of commerce.

An empty lot on the southwest corner of Hurontario St. and Sandalwood Pkwy. will soon be a hub for innovative logistics, transportation and distribution.

Mississauga, Brampton and GTA home sales down 13% between April and May but prices still rising

The frenzied pace of home sales that appeared at the start of the year is continuing to slow as new figures from the Toronto Real Estate Board show 13 per cent fewer homes in the region changed hands between April and May.

The second-largest country in the world is running out of land.

The Close The housing market won't cool until BoC raises rates: Mortgages of Canada CEO

Canada's housing bubble is expanding from east to west, and not just in large urban centers.

This article was created by Stack Commerce. Postmedia may earn an affiliate commission from purchases made through links on this page.

Toronto Real Estate: New Regulations Will Cool the Market

Canada’s largest city accounts for a disproportionate slice of its economy, primarily because of its housing sector. Toronto real estate has had over 20 years of uninterrupted price gains. The market remained steady throughout last year’s crisis and has now gone parabolic.

Housing affordability is rapidly becoming a personal and political issue

HUNTSVILLE, ONT. -- As we progress through year two of the pandemic, more and more Canadians know how and where they want to live, work and even play.

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