Toronto Homes for Sale
Located on the shores of Lake Ontario, the city of Toronto is not only Canada's largest city but also one of the country's most popular real estate markets. It is the provincial capital of Ontario and offers its residents a wide range of employment opportunities. In fact, the access to vast amounts of labour makes the city a vital centre for commerce and business, with many considering it Canada's financial capital.
Besides a thriving economy, Toronto also boasts several attractions, with the CN Tower making the city's skyline one of the most recognizable globally. Residents can also enjoy outdoor activities like boating, kayaking, and sailing or support one of the city's professional sports teams.
If you are looking to gain a foothold in Canada's real estate, few places are better than Toronto. The diverse culture, vivid atmosphere, growing economy, and booming real estate market make it an ideal city, especially for those looking for career advancements.
Toronto - Land Transfer Tax
When purchasing a property in Toronto, you’ll have to pay both the Provincial Land Transfer Tax as well as a Municipal Land Transfer Tax, which are both due upon closing. If you’re a first-time home buyer, you’re eligible for a rebate on both the provincial and municipal taxes - a maximum of $4,000 for provincial and $4,475 for municipal. See below for provincial and Toronto land transfer tax rates.