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Owning a home in Ontario is a significant achievement, but it’s essential to understand the long-term financial responsibilities that come with it. Beyond the initial purchase price, homeowners should anticipate various maintenance and repair costs over the years. This guide provides an overview of common home repairs in Ontario and their associated average costs, helping … Continued

At SLG Homebuyer, we understand that timing is everything in real estate. If you’re thinking about selling your home, summer might just be your golden opportunity. Here are 10 compelling reasons why summer is the best time to list and sell your property. 1. Higher Sale Prices Homes sold in the summer tend to fetch … Continued

🏠 What Are Property Taxes? Property taxes are annual fees paid by property owners to their local municipality. These taxes help fund essential services such as garbage collection, snow removal, emergency services, road maintenance, schools, and public transit. In Ontario, property taxes are based on two key factors: 🧮 How Are Property Taxes Calculated? The … Continued

In 2025, U.S. tariffs are exerting significant pressure on the Canadian housing market, leading to decreased home sales and cautious buyer sentiment. This environment is prompting many homeowners to consider selling their properties as-is to expedite transactions and avoid further depreciation. Canadian Home Sales Decline Amid Tariff Uncertainty Recent data indicates a notable slowdown in … Continued

Current mortgage renewal rates are substantially higher than they were five years ago, despite recent Bank of Canada rate cuts. Homeowners who secured mortgages during the ultra-low interest rate environment of 2020-2021 may experience sticker shock in their mortgage renewal process. With approximately 1.2 million mortgages in Canada set to renew in 2025, representing over … Continued

The spring housing market in Ontario is traditionally a bustling period, but in 2025, it’s experiencing an unusual slowdown. Despite multiple interest rate cuts by the Bank of Canada, the market remains tepid. Let’s delve into the factors contributing to this deceleration. 1. Economic Uncertainty Dampens Buyer Confidence Ontario’s economy is grappling with challenges stemming … Continued

Why Toronto’s Condo Market Has Stumbled Over the past few years, Toronto’s once-booming condo market has taken a hit—and for good reason. Between rising interest rates, economic uncertainty, and an oversupply of units in certain pockets of the city, demand simply hasn’t kept up. What used to be a red-hot investment is now a waiting … Continued

On April 28, 2025, Canadians re-elected the Liberal Party under Prime Minister Mark Carney, securing a fourth consecutive term in office. Although the Liberals fell just short of a parliamentary majority, their victory signals a continued commitment to addressing Canada’s housing challenges, with significant implications for Ontario’s housing market.​ Accelerated Housing Development The Liberal government … Continued

✅ 1. Be Honest About Your Situation Whether you’re dealing with missed mortgage payments, credit issues, or just need fast cash, being upfront with potential buyers or home buying companies like SLG Home Buyer can save you time and headaches. We work with homeowners in all kinds of situations — job loss included — and … Continued

As Ontario approaches the 2025 federal election on April 28, the province’s housing market stands at a pivotal juncture. The interplay between federal policies, economic uncertainties, and party platforms will significantly influence housing affordability and availability. Current Housing Market Dynamics In March 2025, the Greater Toronto Area (GTA) experienced a 2.4% seasonally adjusted decline in … Continued

Spring has traditionally been the busiest season for real estate in Canada, and 2025 is shaping up to be a solid market for sellers. After a tough couple of years marked by inflation, interest rate hikes, and economic uncertainty, things are finally beginning to stabilize. Mortgage rates are dropping, buyer interest is growing, and federal … Continued

​Prime Minister Mark Carney’s recent decision to cancel the proposed increase in Canada’s capital gains tax has significant implications for the Ontario housing market. Initially, the government planned to raise the capital gains inclusion rate from 50% to 66.67%, affecting profits from the sale of assets, including real estate. This proposed hike was met with … Continued

February 2025 presented notable shifts in Canada’s housing landscape, influenced by economic uncertainties and evolving market dynamics. Here’s a comprehensive overview: National Overview Greater Toronto Area (GTA) Insights Economic Influences Looking Ahead While February 2025 showcased challenges in Canada’s housing market, particularly in sales volume and new construction, the slight month-over-month price increase in the … Continued

On March 12, 2025, the Bank of Canada officially announced a rate cut, aiming to ease financial pressures after a period of high interest rates. While many expected this move to spark a surge in the housing market, its actual impact may be more subdued than anticipated. In this article, we’ll break down what this … Continued