What You Should Know Before Investing in Toronto Purchasing a new condo in Toronto is a significant investment and requires careful consideration. Here are ten essential things you should know before making the purchase: Budget and affordability Budget and affordability are paramount considerations when venturing into the condo market in Toronto. As you embark on this exciting journey, it's crucial to have a clear understanding of your financial boundaries and evaluate what you... [read more]

Evaluating Condos: 10 Features to Pay Attention to During Your Search When visiting a condo for purchase, it's essential to carefully inspect various features to ensure you are making a well-informed decision. Here are ten key features you should look for during your search: Location When on the hunt for the perfect condo, one of the most critical factors to consider is the location. Think of it as the beating heart of your future home, shaping your daily life and overall... [read more]

Understanding Your Hydro Bill in Toronto, Ontario: A Comprehensive Guide As a resident of Toronto, Ontario, it's essential to grasp the concept of a hydro bill and its significance in your day-to-day life. A hydro bill, also known as an electricity bill, is an invoice or statement that outlines the cost of electricity consumed within a specific period. It serves as a crucial document issued by the local utility company responsible for generating and distributing electricity in... [read more]

Capital Gains Tax in Canada Made Easy In Canada, capital gains tax is a tax on capital gains that occur when an individual or business entity sells capital property for more than the purchase price. This type of capital gain can be realized by selling stocks, real estate, or businesses. When capital gains are made on these investments, the government requires individuals to report and pay taxes on their capital gains. The capital gains tax rate in Canada depends on the type of capital gain... [read more]

Foreign Buyer Ban Canada 2022 How does it impact the Toronto housing market? Toronto Condo Team covers the Canada Foreign Buyer Ban 2022 and everything you need to know about its impact on the Toronto Real Estate Market.  The Government of Canada has taken a positive step to make homes more easily available for Canadians, introducing the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This law prohibits non-citizens and any companies they could potentially... [read more]