February Wrap-Up from the Toronto Home Experts Team!

Save for this final chilly blast to close out February, we're eagerly anticipating the arrival of Spring! With warmer days ahead, we're gearing up for what could be an exciting season in the real estate world. Average home sale prices have remained relatively flat, however, with the potential for interest rates to decline we may see things begin to pick up in the market.

A reminder that tomorrow is the deadline for the Vacant Home Tax Declaration. This is mandatory for all Toronto home owners to complete on an annual basis. If you have yet to submit your declaration, scroll down for a direct link to the online form.

Do you or someone you know have questions about buying or selling in today’s market? We would love to hear from you!

P.S. Don't miss out on this month's giveaway - Toronto Raptors Tickets!

URGENT: Vacant Home Declaration Deadline February 29th  

A reminder that the deadline to make your property status declaration is February 29th. All Toronto residential property owners must declare their residential properties' occupancy status on an annual basis. If your residential property is vacant for more than 6 months of any calendar year, the homeowner will be required to pay the new Vacant Home Tax, at a rate of 1% of the property’s 2023 Current Value Assessment (CVA). 

Please get in touch with us if you need help completing your declaration online.

Half of Sidelined Homebuyers Waiting For Interest Rate Cuts To Resume Their Purchase Plans

The increased cost of borrowing over the last two years has forced millions of Canadians to reconsider or readjust their plans to purchase a home. Since the Bank of Canada began raising its key lending rate in March of 2022, more than a quarter of the country’s adult population (27%) has been active in the market, and more than half of them (56%) say they’ve been forced to postpone their property search as a result of rising interest rates, according to a recent Royal LePage survey, conducted by Leger.

An Excellent Agent!

"It was absolutely great working with Alex Kluge, he is good listener, very patient and answers all your questions. His marketing skills are exceptional which made both buying and selling processes manageable and stress free. He is an excellent agent. "

Ousha T.

FOR SALE: 179 Glebemount Avenue, Toronto

Top 5 Things You'll Love About This Home:

1. 2 + 1 bedrooms and 2 bathrooms

2. Newly renovated in 2023 with premium finishes

3. Stainless steel appliances, quartz counters and marble backsplash

4. Legal front parking pad

5. Private fenced backyard!

Asking $1,199,999 - Offers Anytime

FOR LEASE: 2 Hazelwood Drive, Brampton

Top 5 Things You'll Love About This Home:

1. 2 storey detached house

2. 4 bedrooms and 3 bathrooms

3. Located in highly sought after, family-friendly neighbourhood

4. Private double driveway and attached garage

5. Convenient location close to grocery, Bramalea City Centre and more!

Asking $3,500 / Month

Enter for your chance to win a pair of Raptors tickets!

Don't miss out on the chance to win a pair of tickets to the Raptors vs. Sacramento game on March 20th! Click the link below for the entry form and secure your opportunity to witness the excitement live!

Congratulations to last month's winner of the Leafs tickets - Margaret N.

Featured Toronto Eats!

Oretta

Address:  633 King Street West, Toronto

Instagram:  @orettatoronto

Our Experience: If you’re looking for refined yet authentic Italian, Oretta is a great option. Both of their King West and Midtown locations are beautiful, with soaring ceilings and large windows, and both offer weekday lunch service, weekend brunch, and always a full house for dinner. An expansive menu of antipasti, pasta, pizza and mains, along with a very reasonably priced weekday 3-course lunch menu with your choice of appetizer, entrée and dessert. Alex thought it was the best calamari that he had ever had, and Elaine loved the branzino with sides. Great setting for a special occasion. Still yet to experience? The Chef’s Tasting Menu, a 7-course meal served family style!

Recommended by Elaine!

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