MLS® vs Realtor.ca   Trying to navigate and understand some of the different terms and meanings? We are starting an education series called Real Estate 101 starting with terminology! Here's some information to clear up any confusion   What is the difference between MLS® and Realtor.ca? Many people think they are the same system.   "MLS® " means: Multiple Listing Service The MLS is essentially a central registry or database of... [read more]

If you Sell first - what if you don't find a home you like in time? If you Buy first - what happens if the market changes and your home does not sell?   You don't want to be stuck carrying two homes. Two mortages. Two sets of bills! Or even worse, end up getting sued by one of the other parties because now they cannot move either!   Nerve-racking! But it is not impossible to have a successful and seamless move.   BUT - planning and making this... [read more]

Land Transfer Tax (LTT)   LTT is an additional tax you will have to pay on top of the property when you purchase a home in Ontario. First-time homebuyers can be eligible to receive a full or partial refund if they meet specific criteria.   The amount is a formula set out by each region in Ontario and calculated based on your purchase prices and the region in which the home/property is located in.   For example, The City of Toronto is double in the tax amount... [read more]