500 BUCKS PER FOOT

There’s a tectonic movement in the residential market and it continually grows and expand outwards from the center of downtown Toronto. As available land supply is visibly being eliminated faster then we can keep track of, insatiable demand for living quarters maintains stressfully high levels of asking for more and …

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STRAWBERRY ISLAND $5MIL

Strawberry Island is located off Manitoulin Island in the North Channel of Lake Huron. For years Strawberry Island kept a host to humans and nature alike, supporting the diversity of the Great Lakes while providing for hotels and cottages for Canadians and Americans seeking quiet refuge during the warm seasons. …

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Condos vs. Co-Ownership [media clip]

A new twist on home buying As rental rates rise some landlords are selling off apartments one by one, but watch out for that tax bill JANE GADD From Friday’s Globe and Mail Imagine owning a home in Forest Hill for a mere $121,000. Okay, it’s only a 400-square-foot bachelor …

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2006 Sales Sets New Record [media clip]

Resale record set; average price rises JANE GADD From Friday’s Globe and Mail A sizzling housing market is adding to the warm feeling experienced by homeowners in the City of Toronto this unseasonably mild winter. The city had its hottest year ever for home sales in 2006, surpassing the previous …

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2005 Condo Sales: 17,693 [media clip]

A sturdy condo market proves conventional wisdom wrong DEREK RAYMAKER From Friday’s Globe and Mail Every year for the past five years, the same question has cropped up about the forecast for the Greater Toronto Area’s high-rise condominium market: Is this the year sales will finally decline? It’s hard to …

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Groundbreaking for Trump tower set for spring

SYDNIA YU Special to The Globe and Mail With about 70 per cent of the suites in the Trump International Hotel and Tower already sold, groundbreaking at the site in Toronto’s financial district is scheduled for spring, with construction expected to start in the summer. “There’s no turning back,” says …

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Calculating Land Transfer Tax

Base Calculation 0.5% on the first $55,000 plus 1.0% of the amount from $55,001 to $250,000 plus 1.5% of the amount in excess of $250,001 to $400,000 plus 2.0% of the amount in excess of $400,000 OR use the following table (same results) Purchase Price Calculation of LTT 0 – …

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Condo market in good health

Toronto SunWed, January 31, 2007 Condo market in good health Forecast puts Toronto as third strongest city in the country for making a profit investing in condominiums By LINDA LEATHERDALE, MONEY EDITOR If history was to repeat itself, you would think our hot condo market would have crashed and burned …

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