As of March 30, 2022, the Government of Ontario has increased the Non-Resident Speculation Tax on real estate from 15% to 20%, and it now applies across the entire province. Here’s what that change means.
There are a couple of situations where sellers need to know the value of a property at a certain point in time. When your time machine is on the fritz, here’s how we determine the historical value of a property.
While it’s challenging to do properly, it is possible to determine a tight range of valuation for your home by gathering market information, assessed values and identifying two types of comparable properties.