Richard Silver

Toronto Area REALTORS® Clarify the Harmonized Sales Tax!

Here is a recent Press Release on the HST from the Toronto Real Estate Board...make sure you check out the video when you click on Toronto Real Estate Board! TORONTO, October 5, 2010 -- Concerned that homebuyers are uncertain about the Harmonized Sales Tax’s (HST) applicability on real estate purchases, Greater Toronto REALTORS® are reaching out to consumers to eliminate misconceptions. Using social media channels and an ongoing series of newspaper columns, the Toronto Real Estate Board (TREB)  is conveying to consumers...Continue Reading...

Toronto Real Estate: Closing Costs For Buyers!

The following is a list of expenses normally incurred by a Buyer when completing the purchase of a Residential property within Toronto.  1. Legal Fees: The tariff rate for residential properties is between .25% and .5% of the purchase price, normally not to exceed $1,450.00. Lawyers may negotiate their fees (more...)Continue Reading...

Toronto Real Estate Board Press Release: Toronto Land Transfer Tax Costs City’s Economy $170 million

TORONTO, December 10, 2008 – Supported by a study on the impact of the Toronto Land Transfer Tax, recently authored by the C.D. Howe Institute and two University of Toronto Economics Professors, Greater Toronto REALTORS® are renewing calls for this tax to be rolled back. Click here to read the full report. “The housing sector is one of the most significant parts of Toronto’s economy,” said Maureen O’Neill, President of the Toronto Real Estate Board (TREB). “Unfortunately, the study prepared jointly...Continue Reading...