Ontario's first-time home buyers catch a break with Land Transfer Tax rebate
January 17, 2017 08:00 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - January 17, 2017) - As of January 1, Ontario's first-time home buyers are eligible to receive a $4,000 land transfer tax rebate, an increase of $2,000. In cities where the...
OREA to Mayor John Tory: "Make Toronto More Affordable for Young Families"
January 10, 2017 10:40 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - January 10, 2017) - Finding an affordable home in Toronto is becoming a CN Tower-sized challenge for many young families and it could get worse if Toronto City Council...
First-time buyers delaying home ownership on account of new mortgage rules, OREA research shows
January 06, 2017 12:50 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - January 06, 2017) - Eight-in-ten (79%) first-time home buyers in Ontario say that the federal government's new, more stringent mortgage rules will throw a wrench into their...
Desire for detached homes growing in Ontario, new research from OREA shows
December 28, 2016 07:00 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - December 28, 2016) - Half of Ontarians in the market to buy a home in the next two years say they are looking for a detached house, up 13 points from a year ago, shows new...
Ontario Real Estate Outlook Remains Strong Heading into Winter Season
December 20, 2016 07:00 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - December 20, 2016) - Perceptions of real estate markets in Ontario remain strong heading into the winter season as the Ontario Home Ownership Index edges to an all-time...
Increased Home Buyer Tax Will Put Home Ownership Further out of Reach for Young Families
December 01, 2016 06:00 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - December 01, 2016) - First-time home buyers will pay more tax on an average priced Toronto home if City Council approves changes to the Toronto Land Transfer Tax (LTT)....
Premier Wynne meets with Ontario Realtors to discuss housing affordability
November 22, 2016 21:53 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - November 22, 2016) - The Ontario Real Estate Association (OREA) and the Toronto Real Estate Board (TREB) met with Premier Kathleen Wynne today to discuss housing...
No new MLTT for Ontario municipalities
November 16, 2016 17:43 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - November 16, 2016) - Minister Bill Mauro announced today that Ontario municipalities will not be getting new revenue tools including a municipal land transfer tax (MLTT)....
Ontario government gives tax break to first-time home buyers
November 14, 2016 13:57 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - November 14, 2016) - In its 2016 Fall Economic Statement, the Government of Ontario committed to increasing the land transfer tax (LTT) rebate for first-time home buyers...
Ontario Real Estate Association condemns inappropriate behaviour; calls for stricter penalties
November 04, 2016 07:00 ET
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Ontario Real Estate Association
TORONTO, ON--(Marketwired - November 04, 2016) - The Ontario Real Estate Association (OREA) strongly condemns the unethical behaviour exposed in a recent media report highlighting the actions of six...