Spring Into Fall

As outlined in the June, July and August newsletters, supply continues to be low despite strong consumer interest.  Toronto‚Äôs August 2020 real estate sales were considerably stronger than a year ago as pent up post- lockdown consumer demand and low interest rates resulted in higher sales and prices compared to August 2019.  The table below (you will need to download…

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Will You Be Paying Too Much In Property Taxes?

Every 4 years, the Municipal Property Assessment Corporation (MPAC) re-assesses all properties.  Like the US presidential election cycle, MPAC will be re-assessing 2020.  If MPAC over estimates the value of your property, you will be overpaying property taxes for the next 8 years. Property taxes are derived by multiplying the property tax rate by the…

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