Category: Uncategorized
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Important information about your 2025 property taxes
The City of Brampton has issued its interim property tax bills for 2025, with payments due on February 19, March 19, and April 23. Continue to full article Read more
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New $1,000 fines for small rental bedrooms and occupancy limits introduced in Brampton
Brampton has introduced new fines of up to $1,000 for landlords who overcrowd rental properties. The updated bylaws set occupancy limits based on room size, with specific square meter requirements for different numbers of occupants. Fines increase with repeated violations. The changes aim to address community concerns about overcrowding while ensuring safe housing. Previous measures Read more
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Reforming Development Charges: Cutting GTA Housing Costs?
Development charges have soared up to $163,000 per home in GTA, increasing housing costs significantly.Development charges fund vital infrastructure like water, roads, and sewage for new housing projects in Ontario. Read more
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GTA New Home Sales Plummet to 40-Year Low
GTA new home sales hit a 40-year low in December, with only 310 units sold.New condo sales in December ↓ 63% yearly, and were 86% below the 10-year avg. Read more
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Toronto Boosts Homeownership Aid for Higher Earners
Toronto expands support for higher-income earners, enabling families earning up to $160,000 to access homeownership aid. The Home Ownership Assistance Program (HOAP) eligibility now includes households in the 80th income percentile, up from 60th. Read more
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GTHA Condo Sales Plummet 64%
New condo sales in GTHA dropped 64% at the end of 2024, marking the lowest sales since 1996. Investor challenges, including negative cash flow and financing difficulties, contribute to the ongoing market decline. Read more
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GTA Condo Buyers Leverage Increased Inventory
Homebuyers in the Greater Toronto Area gain negotiating power due to increased condo listings at the end of 2024.First-time buyers benefit from lower borrowing costs and stronger negotiating power in early 2025. Read more
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Eliminating development charges on new homes is not the answer; modernizing the Development Charges Act is
Eliminating development charges (DCs) on new homes is not a viable solution; instead, modernizing the Development Charges Act is essential. DCs, which have been in place for over 35 years in Ontario, are crucial for funding infrastructure needed for new housing. However, their rapid increase—up to $163,000 per single-family home—has raised concerns about housing affordability. Read more
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New Toronto Short-Term Rental Bylaws Take Effect
Since January 1, hosts must choose between registering as an entire-unit or partial-unit short-term rental operator. The registration and renewal fee for short-term rental operators will increase to $375. Read more
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Happy Family Day
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing Read more