SEND A MESSAGE: Don't Hike the Land Transfer Tax (LTT)!
January 10, 2017 -- TREB has launched anotherobstacle.ca to shed light on proposed changes to the City's Land Transfer Tax. If you're not a fan of this tax, take a few minutes to easily use anotherobstacle.ca to trigger an email to your councillor or post on social media.
The City is serious about these changes that would, if enacted:
Add an additional 0.5% of tax on all buyers (For repeat home buyers purchasing an average priced home, this would mean a 7% increase of $750 on top of the $11,000 that they already pay to the City. For first-time buyers, it would mean a 6.5% increase of $475, or, at best, the status quo, if the current rebate is not adjusted higher than what is currently being proposed).
• Eliminate the first-time buyer rebate completely for those purchasing a home above a certain threshold, contemplated at $700,000 by City staff. The $700,000 threshold is well BELOW the current average price of a home in Toronto. Under this potential scenario, a first-time home buyer purchasing a home BELOW the current average price would see an unprecedented $3,725 increase, in addition to the $750 increase also being proposed, which would mean a $4,475, or 75%, tax increase for a first-time buyer purchasing a below average-priced home.
If you disagree with the changes that City Hall is proposing, please help us send a message.
Your voice can make a difference, and this is a great opportunity to demonstrate the combined lobbying power of REALTORS® and YOU our clients (buyers & sellers), the tax payers!
Let's tell City Hall to not add #AnotherObstacle to home ownership by:
Head to anotherobstacle.ca to easily send a message to your local city councillor, asking them to reconsider this irresponsible cash grab. In less than a couple of minutes, you'll be able to select from scripted text to send a customized message.
Using #AnotherObstacle on your social media channels or by easily sending a prescripted social media post from anotherobstacle.ca.
Lend your voice to the campaign against the LTT tax hike.
Thank you for helping by adding your voice to prevent #AnotherObstacle to home ownership.
As always, I'm here and available for questions. Feel free to call or email me.
OUT & ABOUT WITH PATRICK
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MY GET LEASHED INTERVIEW WITH BETTY & KARL
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Click on more to read my interview with Get Leashed magazine. It was good fun with Betty & Karl!
February is coming up roses...and skating too! Ladies pick up your free rose on Feb 14th at Tuft's Valu-Mart.
And on Feb 20th from 11:30 to 12:30 bring your family to Leaside Memorial Gardens for an hour of skating on me! Enjoy!!!
You know me as a name you can trust to buy & sell in Leaside, Davisville, Lawrence Park and all around Toronto. But did you know I'm also your local resource to help you buy or sell a property in the US; Florida, Arizona, New York, San Francisco, Los Angeles? Anywhere in the US!
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Leading Real Estate Companies of the World® is a collection of over 500 of the finest residential real estate firms in over 40 countries and across six continents.
When you list your property with me, through my affiliation with this prestigious international real estate network, your property will be considered by serious overseas buyers. Toronto is considered one of the top cities in the world to invest in real estate, I want my sellers to take advantage of this additional exposure!
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Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016.
Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 345,658 square feet of combined industrial, commercial/retail and office space leased through the TREB MLS® System, on a per square foot net basis with pricing disclosed, in January 2017.
Toronto Real Estate Board President Larry Cerqua announced that condominium apartment sales reported by Greater Toronto REALTORS® in the fourth quarter of 2016 were up by 22.3 per cent year-over-year to 6,831. Over the same period of time, new listings were down by 13.4 per cent.
If the time has come for You to "Find Your Dream Home", then I would love to help. New properties are listed every day. By filling out the form, I can have new Listings emailed to you as soon as they become available.