Found 2 blog entries tagged as Toronto housing market.

Toronto's Vacant Home Tax: What You Need to Know

 

Attention Toronto homeowners! It's time to declare the occupancy status of your residential property for the year 2023. This declaration is mandatory for all properties classified within the residential property tax class, and the deadline is fast approaching—February 29, 2024.

Why the Vacant Home Tax?

The primary goal of the VHT is to address the issue of vacant residential properties in Toronto. By imposing a tax on properties that remain unoccupied for extended periods, the city aims to encourage property owners to either occupy or rent out their properties, thereby contributing to the housing supply. At its core, the VHT aims to bolster the housing supply by deterring the practice of…

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Unlocking Your Home's Hidden Potential: Maximizing Equity in Today's Market

Your home is more than just a place to live; it's an investment in your future. And in today's real estate market, your home's equity represents a golden opportunity waiting to be seized. Whether you're considering selling or want to leverage your home's value, here's how to unlock your home's hidden potential and maximize equity in today's market.

 

1. Renovation ROI:

Strategic renovations are one of the most effective ways to boost your home's equity. Identify areas that could be upgraded, such as the kitchen or bathroom. These are often the rooms that buyers pay close attention to. A well-planned renovation can significantly increase your home's value and attract…

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