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Land Transfer Tax Decoded

Land Transfer Tax Decoded

When you purchase a home or a residential property in Ontario you are required to pay a ‘provincial land transfer’ tax.  Ontario Land Transfer Tax (LTT) is calculated on the purchase price (less a calculation regarding HST, if the property purchased is a newly built home).  LTT is payable by the buyer on the purchase price of… Read More

Ottawa Real Estate Market Update – July 2014

Ottawa Real Estate Market Update – July 2014

Ottawa Real Estate Statistics The statistics are based on sales figures released by the Ottawa Real Estate Board on August 7th and include sales of both residential and condominium properties in the Greater Ottawa Area. The facts: # of Sales (1,445) –  increase of 8.2% Avg. Sale Price ($356,735) – decrease of 0.8% Days on… Read More