Entries by Mahyar Rezapour

Rent increase guideline

The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board. Rent increase guideline for 2020 The rent increase guideline is 2.2% for increases between January 1 and December 31, 2020. Who it applies to The guideline applies to most private residential […]

Land Transfer Tax

O. Reg. 343/18: Timing of Tax Payable Under Subsection 3(2) of the Act was filed on April 26, 2018 to provide quarterly reporting periods for Land Transfer Tax on qualifying unregistered dispositions of a beneficial interest in land. Commencing on December 16, 2017, new provincial land transfer tax statements are being incorporated into Teraview, Ontario’s […]

Non-Resident Speculation Tax

Overview The NRST is a 15 per cent tax on the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe Region (GGH) by individuals who are not citizens or permanent residents of Canada or by foreign corporations (foreign entities) and taxable trustees. The NRST applies in addition to the […]

GTA Sales Activity Rebounds From Five Straight Quarters of Decline

Q2 2019 registered a total of 563 investment property sales transactions over $1 million, representing a total investment value of $5.8 billion TORONTO – Altus Group, a leading provider of software, data solutions and independent advisory services to the commercial real estate industry, today announced the second quarter of 2019 results for commercial real estate […]

GTA New Home Sales – YTD (Jan to June) 2019

Year-to-date new home sales totals for January – June 2019 in the Greater Toronto Area are as follows. YTD (Jan to June) 2019 Results Low Rise: 4,796 sales; up +130% from 2018; down -40% from 10 year average High Rise: 12,331 sales; up +24% from 2018; up +5% from 10 year average Total New Homes: […]

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New rental supply needs to double in Toronto

This week, RBC Economics published a study on Canada’s rental market where they argued that the pace of new supply needs to at least double in markets like Toronto in order to meet future housing demand and balance the market. Similar things, I’m sure, could be said about many other housing markets around the world. […]

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TD only Canadian bank among world’s most sustainable companies

With investors and consumers giving greater scrutiny to the companies they do business with regarding their environmental, social, and economic performance, being a ‘sustainable business’ is a badge of honour. TD Bank Group has been named among the world’s most sustainable businesses by Dow Jones Sustainability Indices (DJSI) among just 25 banks on the shortlist […]