Vinny Massey Re/max Real Estate Centre Inc. Brokerage

02/26/2024

Affordability Struggle: Toronto's Taxing Year

02/25/2024

Toronto Mayor Pushing To Reduce Multi-Residential Tax Hike
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Mayor Olivia Chow is recommending a decrease in the proposed property tax increase for multi-residential dwellings in Toronto to at least 3.75%. She aims to prevent above-guideline rent increases and evictions linked to them. The city's budget chief warned that the tax increase could be as high as 1...

02/24/2024

January 2024 Real Estate Trends in Midtown Toronto: A Comparative Analysis
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The Toronto Regional Real Estate Board's data shows varying trends in midtown Toronto's housing market. Leaside, Thorncliffe Park, and Flemingdon Park saw a 6.3% decrease in home prices, while Mount Pleasant and West Midtown experienced contrasting trends. All areas have seen significant growth in a...

02/22/2024

Proposed Gentrification Tax in Toronto

02/21/2024

Toronto Real Estate Sales Surge 39%, Prices Fall Further W/ Robust Supply
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Greater Toronto real estate saw a boost in existing home sales in January, outpacing new inventory and firming the market. However, the growth did not translate into a balanced market and was unable to prevent home prices from falling further. The benchmark for home prices in the region slipped 0.1%...

02/20/2024

Ask Me Anything!
Have questions about real estate but not sure where to start?

Have questions about real estate but not sure where to start?

02/20/2024

Toronto's housing market is bouncing back but prices are still low enough to get a deal
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Toronto's real estate market had a bad year in 2023, but it is now showing signs of recovery. Home resales surged by 21% in December, with other parts of Ontario also seeing increases. Despite the uptick in activity, prices continued to decline. Experts anticipate a few more months of similar sales....

02/19/2024

Toronto's Soaring Living Costs Impact Residents

02/18/2024

Toronto homeowners to see massive property tax increase in 2024
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Toronto homeowners will face a 10.5% increase in property taxes in 2024, the largest hike in years. The proposed budget also includes a 1.5% increase to the City Building Fund. The budget process began with a $1.8 billion operating shortfall due to underinvestment in city services. The budget includ...

02/18/2024

Happy Family Day

02/17/2024

A comprehensive guide for home renovation costs in Toronto
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02/15/2024

Toronto's Housing Boost: $471M Injection