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February 9th, 2010 
PEGGY CLINTON & TONY BOWLAND
Sales Representatives
Toronto Real Estate
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Helping Home Owners & Buyers Through Sound Advice, Hard Work and Results. Call Us: 416-809-7063 or 416-481-6137

How will the new Harmonized Sales Tax HST impact Toronto Real Estate Transactions

How will the new Harmonized Sales Tax HST impact Toronto Real Estate Transactions

 HARMONIZED SALES TAX HST WILL TAKE EFFECT ON

JULY 1, 2010.

Under the Ontario Governments' new Harmonized Sales Tax HST, homebuyers and sellers will pay an additional eight per cent on legal fees, appraisals, real estate commisions, home inspection fees,  moving costs, as well as condominium fees, adding about $1,550 in new taxes to the average* residential real estate transaction in Ontario.

  • HST will not apply on the purchase price of re-sale homes.
  • HST will apply to the purchase price of Newly constructed homes. Note:  The province is  proposing a rebate on the first $400,000. Please visit their website for complete details.

Please contact us for further information.

 

*The average price for transactions in the first two weeks of January was $395,307.
Source:  Toronto Real Estate Board
Find Your Dream HomeFree Evaluation
If the time has come for You to "Find Your Dream Home", then we would love to help. New Listings appear daily on MLS. Simply fill out the form with your wish list to have new Listings emailed to You as soon as they become available.The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year.
Now might be the perfect time...
OUR SALES ACTIVITY

OUR SALES ACTIVITY

 Buyer Representation

  •  Alexandra Blvd.  -  Lytton Park
  •  Atlas Avenue  -  Humewood
  •  Balmoral Avenue  -  Deer Park
  •  Blythe Hill  -  Lawrence Park
  •  Franklin Avenue (Lease)  -  North York
  •  Glengarry Avenue  -  North Toronto
  •  Glengowan Road  -  Lawrence Park
  •  Highwood Avenue  -  Oakville
  •  Leuty Avenue (Lease)  -  The Beaches
  •  Merton Avenue (Lease)  -  Davisville Village
  •  Midland Avenue -  Cliffside Scarborough
  •  Ranleigh Avenue (Lease)  -  Bedford Park North Toronto
  •  Scrivner Avenue  -  Scrivner Place/Summerhill  (Condominium)
  •  Victor Avenue  -  Riverdale
  •  Yonge Street  -  Deer Park North Toronto (Condominium)
  •  Yonge Street - Minto Towers North Toronto (Condominium)

 Seller Representation

  • Ridge Drive  -  Moore Park
  • Thorncliffe Avenue  -  Riverdale
  • Forest Hill Road - Forest Hill
  • Glencairn Avenue East of Avenue Rd  -  Lytton Park
  • Glencairn Avenue West of Avenue Rd -  Lytton Park
  • Southlea Avenue  -  Leaside
  • Craighurst Avenue  -  North Toronto

Thank you to all of our clients.

By the way ... we are never too busy for you or  for your referrals.

                                        treb map

WE HAVE JUST SOLD

WE HAVE JUST SOLD

FEATURED LISTING
3 CLIFFCREST DRIVE -- CLIFFSIDE, SCARBOROUGH
Once A very Grand and Upscale Home this now vacant home is situated on a Spectacular lot with a million dollar view of Lake Ontario.

Fronting on Cliffcrest Drive the lot is very large and of an irregular shape.  The frontage on Cliffcrest Drive is 72' with a depth of 238'. The rear of the lot is 139', and overlooks a tiered ravine with a spectacular view of the lake. The western edge of the property has a 152' frontage on Scarborough Crescent.

The total area of the site is 2,592 sq.m. or 27,900 sq.ft.  Very large for the Cliffcrest Village area.  The minimum requirement for lot size within the city is 4,500 sq ft.   In informal discussions with the city, including a review of the survey, we understand that, with some variances, the city may allow this site to be severed into three separate lots.

The property has been in the same family for many years and was once part of an even larger lot. The bungalow on the North West corner was severed off, and is currently still owned within the family.

At this time, 3 Cliffcrest Drive is the only lot for sale. Please speak to listing agents regarding 1 Cliffcrest Drive. If the two properties were assembled, the potential for this site increases dramatically.


 


3 Cliffcrest Dr, Toronto, Ontario, M1M2K1

 

3 Cliffcrest Drive
Located along the Scarborough Bluffs
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