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Toronto real estate agent, Tony Fabiano, shares his insights about this great city. Whether it's great deals on waterfront condos, the latest condo pre-construction deal, or the score of the last Raptor or Leaf's game, you'll find it here on Tony's Blog.

 

 


New Tax Rebate In Ontario

 

Effective January 2017 the Ontario Government has doubled the landtransfer tax rebate for first-time home buyers from $2000-$4000. 

Effective January 1st, 2017, Ontario has doubled the land transfer tax rebate for first-time home buyers from $2,000 to $4,000. That means that a first-time home buyer will pay no provincial tax on homes sold for $368,000 or less. 
 
Take a look at the user friendly mortgage calculator to see how much you can afford....

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The provincial government has announced significant changes to the Provincial Land Transfer Tax (PLTT), including a doubling of the rebate available to first-time home buyers, bringing it in line with the City of Toronto's rebate, and an increase in the PLTT paid on the portion of the price of properties over $2,000,000 to help pay for the increase in the first-time buyer rebate. 

  • The provincial government is proposing to double the maximum rebate for first-time home buyers from $2,000 to...
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