While many of us like pets, treat them like family members, there are also people who prefer to live in a building without pets for multiple reasons; allergies, fear, dislike towards pets, sensitivity, regardless of the reason there are some condominiums which don’t allow any pets, at the bottom of the blog we provide the list of these buildings. What is a pet? Pet is generally defined as companion animal kept by people for companionship or pleasure. Is service animal a... [read more]

People who are interested in living in or investing in DT condos are often asking which building do, and which once don’t allow short term rentals. The truth is the majority of the condos don’t permit short term rentals and it is stated in their bylaws, of the buildings who are not allowing them there are some who enforce it strictly, and others that don’t. City of Toronto at the end of 2019 implemented new rules and regulations for short term rentals, there are certain... [read more]

In our previous blogs we have explained step by step process of buying resale condominiums, and deeper into the most important document associated with the purchase, the status certificate, in this blog we would like to take it even further and explain one of the most important aspects of the status certificate, the reserve fund study, in more details. What is a reserve fund. In the nutshell the reserve fund are money put aside every month for future repairs and replacements, it is... [read more]

RRSP HBP withdrawal limit increased from $35,000 to $60,000. As of April 16th, 2024, the qualified first time home buyers can withdraw up to $60,000 from their RRSP as part of the RRSP First Time Home Buyer Plan. The 2024 federal budget approved the increase from $35,000 to $60,000. Please click on the links above to learn more about the RRSP HBP and the increased limit, and let us know if you have any questions. [read more]

Another municipal land transfer tax Increase for properties purchased at over $3M. On April 1, 2026 the buyers of residential properties in Toronto valued at over $3M will be faced with increased land transfer tax. As of January 1, 2024, the City of Toronto introduced initial increase of the land transfer tax for luxury properties. The second tax increase will work on a graduated scale as follows: Homes valued between $3 million and $4 million would see a 0.9 per cent change... [read more]