New Taxes to be Introduced in Ontario #Toronto #Ottawa #realestate #economy #business

In an effort to cope up with the requirements of the tougher mortgage qualification, the home owners as well as the buyers entered into the market. It went into effect on Monday to avoid new taxes that would be introduced in Ontario as well as British Columbia this summer.

The home owners are making a great expectation this season to increase their sale of house at the top of the market. They are frantically making such expectation before the high rates of interest as well as the tougher rules for mortgage qualification might temper the recovery of the housing sector.

There were about 100,000 new listings in the housing market of Canada in March. According to the Canadian Real Estate Association (CREA), on the record for listings, March was the busiest month.

The sellers of the home have been motivated by different attractive rates. In the month of March, the second highest record was reported where the national average was $340,920. Within a year, the prices have re3bounded to around 17.6% after recession.

Several home owners are considering the current scenario of the market to be active. Consequently, they are expecting to get a better price. People in fact are also concerned with several other things like the higher rates of mortgage as a result they might not be motivated later this year as they are motivated now.

The real estate agents in some of the busiest markets of the country have already started seeing the signs that the buyers are indeed tired of competing. (Source: Theotcmarket)

Posted via web from Toronto Real Estate News, Blog


About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

2 Responses to New Taxes to be Introduced in Ontario #Toronto #Ottawa #realestate #economy #business

  1. freesoftware says:

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  2. Pingback: New Taxes to be Introduced in Ontario #Toronto #Ottawa #realestate … Card on me

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