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Record Home Sales Continue - GTA March 2021

Wednesday Apr 14th, 2021

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For the third straight month of 2021, record home sales continued in March across the country with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy.   Ontario -- Housing Sales Continued its Move Up in March Toronto, 05 April 2021 -- For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued... [read more]

GTA Market Watch February 2021

Wednesday Mar 17th, 2021

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It’s clear that the historic demand for housing experienced in the second half of last year has carried forward into the first quarter of this year with some similar themes, including the continued popularity of suburban low-rise properties. It’s also evident that the supply of listings is not keeping up with demand, which could present an even larger problem once population growth picks up following widespread vaccinations later this year and into 2022.    Ontario -... [read more]

1st Time Home Buyers Tax Credit (HBA)

Monday Feb 22nd, 2021

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The Home Buyers’ Amount (HBA) is a non-refundable credit that allows first-time purchasers of homes, and purchasers with disabilities, to claim up to $5,000 in the year when they purchase a home. The non-refundable tax credit rate of 15% means the actual reduction of your taxes will be $750. If your federal taxes are less than $750, your credit will be reduced accordingly since it is a non-refundable credit. You can divide the credit between your return and your spouse or common-law... [read more]

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