In this section you will always find useful information in todays ever changing real estate market. Please come and check often for new articles and important announcements.
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2012 Prime Rate Announcements: |
January 17, March 8, April 17, June 5, July 17,
September 5, October 23, December 4
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As of January 17, 2012, announcement, Prime Rate remains unchanged at 3%.
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Info You Can Use:
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Wood Floor Choices
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Ever wondered what's the difference between Solid Hardwood and Laminate floors?
Click here to learn about 4 popular types of wood floors.
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4 Factors That
Affect Your House Value
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Before you list your home, read these 4 important tips!
Click here.
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Tarion Warranty Corporation - Protecting Ontario's New Home Buyers and the Regulator of the new home building industry in Ontario. |
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Calculating Land Transfer Tax |
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The tax rates on the value of the consideration are as follows:
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Amounts up to and including $55,000 - 0.5%
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Amounts exceeding $55,000 up to and including $250,000 - 1.0%
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Amounts exceeding $250,000 - 1.5%
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Amounts exceeding $400,000 where the land contains one or two single family residences - 2.0%
Example: Value of the consideration equals $95,000.
1. Multiply $55,000 by 0.5% (55,000 × 0.005) = $275
2. Multiply the amount exceeding $55,000 up to $250,000 by 1.0% (40,000 × 0.01) = $400
Total land transfer tax payable = $ 675
For more information on Land Transfer Tax - click here.
Land Transfer Tax Refunds for First Time Home Buyers.
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Home Renovation Fact Sheets |
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Advance planning is the key to successful renovations. This series of fact sheets, organized by the type of renovation, will help you plan, assess, and avoid surprises to achieve the results you want.
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